If a scatter plot reveals a fairly weak relationship between cost and volume,the cost equation based on that data should be very useful for predicting future costs.

Question

Quizplus · Accepted Answer

If there is a weak relationship between cost and volume, then the cost equation may not accurately predict future costs. In such a case, other factors may need to be considered to improve the accuracy of cost predictions.

If a Scatter Plot Reveals a Fairly Weak Relationship Between