Use the Data Provided in the Table Below to Answer

question 30

Essay

Use the data provided in the table below to answer the question. The table shows city size and annual grocery expenditures for eight families. City size is in thousands and expenditures is in hundreds of dollars.

-Based on the scatterplot, estimate the correlation coefficient between city size and expenditures for these eight families. Explain your reasons for choosing your estimate.

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Definitions:

Navigation Bar

A user interface element within websites and applications that provides links to the major sections of the website, facilitating easy access and browsing.

Financial Information

Data pertaining to the financial status and activities of an individual, organization, or project, including assets, liabilities, revenues, and expenses.

Planning Purposes

The intention behind actions or decisions aimed at forecasting future operations, setting goals, and determining the strategies and resources required to achieve them.

Future Profitability

The expected financial success or ability of a company to generate profit in future periods.