For the table below, make a scatter plot of the data. Describe the type of correlation the scatter plot shows.
Jean Sales
Average Price ($) 21 28 36 40
Number Sold 113 85 128 62
To create the scatter plot, we will plot the data points on a graph with the x-axis representing the average price ($) and the y-axis representing the number of jeans sold.
The data points are as follows:
(21, 113)
(28, 85)
(36, 128)
(40, 62)
After plotting the points, we can observe that the scatter plot shows a negative correlation. This means that as the average price of jeans increases, the number of jeans sold decreases. This negative correlation suggests that there may be a price-demand relationship, where higher prices lead to reduced sales.