The Following Table Shows the Annual Incomes (In Thousands of Dollars)

question 1

Essay

The following table shows the annual incomes (in thousands of dollars) and weekly rent payments (dollars) of a sample of 10 individuals in country New South Wales: $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l | } \hline \text { Income } & 45 & 51 & 40 & 44 & 48 & 35 & 51 & 55 & 49 & 47 \\\hline \text { Rent } & 230 & 280 & 190 & 220 & 270 & 200 & 300 & 310 & 260 & 250 \\\hline\end{array}$$ a. Draw a scatter diagram for these data with rent payment on the vertical axis.
b. Describe the relationship between rent payment and income.

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Definitions:

Total Cost

The complete amount of money spent on producing or acquiring goods or services, including all variable and fixed costs.

Save Up

The act of regularly setting aside a portion of income or resources for future use or for a specific goal.

Esker

A long, winding ridge of sand and gravel deposited by meltwater streams flowing beneath a glacier.

Meltwater Channels

Channels formed by the flow of water produced from melting ice or glaciers.