On a scattergraph,once the individual points have been plotted,
A)enter the information into a statistical calculator to calculate the total cost.
B)count the points and divide by variable cost per unit.
C)draw a line through them to estimate the cost relationship.
D)multiply the high point by the variable cost per

Question

Quizplus · Accepted Answer

Once the individual points have been plotted on a scattergraph, the best way to estimate the cost relationship between the variables is by drawing a line of best fit through the points. This line should be as close to as many points as possible, indicating a strong correlation between the variables being analyzed. The line of best fit can then be used to estimate the cost at different levels of the variable being analyzed. The other options (A, B, and D) do not make sense in the context of a scattergraph as they involve calculations that are not related to the pattern of points on the graph.

On a Scattergraph,once the Individual Points Have Been Plotted