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

A weak relationship between cost and volume on a scatter plot suggests that there is a lot of variability in the data and therefore the cost equation based on that data may not be very accurate in predicting future costs.

If a Scatter Plot Reveals a Fairly Weak Relationship Between