An Environmentalist Wants to Determine the Relationship Between the Number

question 21

Essay

An environmentalist wants to determine the relationship between the number (in thousands) of forest fires over the year and the number (in hundreds of thousands) burned. The data for 8 recent years are shown.
a. Draw the scatter plot for the variables.
b. Give a brief explanation of the type of relationship.
$\begin{array} { c c } \text { Number of fires } x & \text { Number of acres burned } \\ 72 & 62 \\ 69 & 42 \\ 58 & 19 \\ 47 & 26 \\ 84 & 51 \\ 62 & 15 \\ 57 & 30 \\ 45 & 15 \end{array}$

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Definitions:

Capital Gains Yield

The rise in price of an investment or asset, expressed as a percentage of the investment's purchase price.

Appreciate

An increase in the value of an asset over time.

Stock Price

The current market value of a share of a company's stock, determined by supply and demand dynamics in the stock market.

Dividend Yield

A measure of financial performance showing the annual dividends issued by a company relative to its stock price.