Below you will find a scatterplot of data gathered by an online retail company. The company has been able to obtain the annual salaries of their customers and the amount that each of these customers spent on the company's site last year. Based on the scatterplot below, would you conclude that these data meet all four assumptions of regression? Explain your answer.
Definitions:
New-product Protocol
A guideline or plan that outlines the process of developing and launching a new product, including stages from initial idea generation to market launch.
Environmental Scanning
The ongoing process of collecting information about external factors that might affect an organization's future plans and operations.
SWOT Analysis
A strategic planning tool that evaluates the strengths, weaknesses, opportunities, and threats related to a project or business venture.
New-product Strategy Development
The process of creating and implementing plans for the introduction of new products, including market research, design, development, and marketing strategies, to achieve business objectives.
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