Hey good morning (7:44 AM as of right now) After creating your graph and sketching the line of best fit, answer the questions below using complete sentences.
Truck over the last 5 years:
2020 - 28,745
2021 - 29,290
2022 - 38,565
2023 - 34,445
2024 - 38,565
What do you notice about the trend over the last 5 years for the cost of your chosen truck?
5 answers
Based on the data provided, it appears that the cost of the truck has been steadily increasing over the last 5 years. The trend shows a consistent upward trajectory in the cost of the truck from 2020 to 2024.
Does your scatter plot has a positive, negative or no correlation?
Based on the information provided, it appears that there is a positive correlation in the data. As the years progress, the cost of the truck increases, indicating a positive relationship between the year and the cost of the truck.
What would a negative correlation mean for the vechile
A negative correlation would mean that as the years progress, the cost of the truck decreases. This would indicate an inverse relationship between the year and the cost of the truck, with the cost declining over time. A negative correlation could suggest factors such as improved technology, increased competition, or depreciation impacting the cost of the vehicle negatively over time.
3 answers