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 | $ | 91.2 | 5.2 | Checkmate Electronics | $ | 18.5 | 2.6 | ||||||||||
Applied Innovation | 20.3 | 4.6 | Royal Grip | 12.8 | 1.8 | ||||||||||||
Wall Data | 19.0 | 1.4 | M-Wave | 19.8 | 3.6 | ||||||||||||
Integracare | 75.0 | 8.2 | Serving-N-Slide | 51.8 | 8.3 | ||||||||||||
Davidson & Associates | 60.9 | 6.6 | Daig | 29.9 | 6.5 | ||||||||||||
Chico’s FAS | 48.2 | 4.2 | Cobra Golf | 73.2 | 12.8 | ||||||||||||
a. Draw a scatter diagram
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