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Baseball coaches use a radar gun to measure the speed of pitcher’s fastball. They also record outcomes such as hits and strikeouts. The scatterplot below shows the relationship between the average speed of a fastball and the average number of strikeouts per nine innings for each pitcher on the Bulldogs, based on the past season.
-Comment on any unusual data point or points in the data set. Explain.
Complement
A good or service that is used together with another, where an increase in demand for one leads to an increase in demand for the other.
Substitute
A product or service that can be used in place of another to satisfy similar needs or desires.
Equilibrium
A state in which market supply and demand balance each other, resulting in stable prices and quantities.
Demand Decreases
A situation where the quantity of a product or service sought by buyers is less than it was previously, often leading to lower prices.
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