Answered: Develop a scatter chart from the above…

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section: Chapter Questions

Problem 10T: Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s...

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ABC company produces product Gama amongst many other products. The company is planning to increase the production of Gama and is therefore analyzing various costs associated to the production of this product. One such cost is electricity which is required for the production of Gamma. The company has collected data on the Gamma units produced per day and the associated electricity costs which is presented in the following Table B:

Table B

Gamma Production and Electricity Consumption

Day	Units Produced	Electricity Cost (Rs)
1	7	238
2	3	119
3	2	159
4	5	261
5	8	317
6	11	399
7	5	122
8	15	400
9	3	213
10	6	187

Develop a scatter chart from the above data.
Compute Covariance and correlation between Units Produced
and the Electricity Cost. Interpret the results.

Calculate Z-score for units produced.

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