Construct a Scatter Diagram for the Given Data

question 37

Essay

Construct a scatter diagram for the given data. Determine whether there is a positive linear correlation,negative linear correlation, or no linear correlation. $$\begin{array} { c | c | c | c | c | c | c | c | c | c | c | } \mathrm { x } & - 5 & - 3 & 4 & 1 & - 1 & - 2 & 0 & 2 & 3 & - 4 \\\hline \mathrm { y } & 11 & - 6 & 8 & - 3 & - 2 & 1 & 5 & - 5 & 6 & 7\end{array}$$

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Definitions:

Demand Elasticities

Measures the responsiveness of demand for a good or service to changes in its price or other factors.

Tax Incidence

The analysis of the effect of a particular tax on the distribution of economic welfare.

Specific Excise Taxes

Taxes imposed on a particular good or service, charged by quantity rather than value, such as per gallon or per pack.

Consumer Goods

Products that are sold directly to consumers for their personal or household use.