Given below is the scatter plot of the market value (thousands$)and profit (thousands$)of 50 Australian companies.Higher market values appear to be associated with higher profits.

Question

Quizplus · Accepted Answer

As per the given scatter plot, there appears to be a positive correlation between the market value and profit of the Australian companies. Higher market values are associated with higher profits, indicating that the larger the size of the company, the greater the profit potential. Therefore, the statement is true.

Given Below Is the Scatter Plot of the Market Value