In: Statistics and Probability
A recent article in Bloomberg Businessweek listed the “Best Small Companies.” We are interested in the current results of the companies’ sales and earnings. A random sample of 12 companies was selected and the sales and earnings, in millions of dollars, are reported below.
Sales | Earnings | Sales | Earnings | ||||||||||||||
Company | ($ millions) | ($ millions) | Company | ($ millions) | ($ millions) | ||||||||||||
Papa John’s International | $ | 89.2 | 4.9 | Checkmate Electronics | $ | 17.5 | 2.6 | ||||||||||
Applied Innovation | 18.6 | 4.4 | Royal Grip | 11.9 | 1.7 | ||||||||||||
Integracare | 18.2 | 1.3 | M-Wave | 19.6 | 3.5 | ||||||||||||
Wall Data | 71.7 | 8.0 | Serving-N-Slide | 51.2 | 8.2 | ||||||||||||
Davidson & Associates | 58.6 | 6.6 | Daig | 28.6 | 6.0 | ||||||||||||
Chico’s FAS | 46.8 | 4.1 | Cobra Golf | 69.2 | 12.8 | ||||||||||||
Click here for the Excel Data File
Draw a scatter diagram.
On the graph below, use the point tool to plot the point corresponding to the first Sales and her Earnings (Sales 1).
Repeat the process for the remainder of the sample (Sales 2, Sales 3, … ).
To enter exact coordinates, double-click on the point and enter the exact coordinates of x and y.
Let sales be the independent variable and earnings be the dependent variable. (Do not round intermediate calculations. Round your answers to 3 decimal places.)
Data:
Sales | Earnings |
89.2 | 4.90 |
18.6 | 4.40 |
18.2 | 1.30 |
71.7 | 8.00 |
58.6 | 6.60 |
46.8 | 4.10 |
17.5 | 2.60 |
11.9 | 1.70 |
19.6 | 3.50 |
51.2 | 8.20 |
28.6 | 6.00 |
69.2 | 12.80 |