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The following data represent x = the total number of

by | Dec 1, 2023 | Posted Questions

Statistics – Probability of Business Failures

The following data represent x = the total number of
business and y = the number of business failures in mountain states over a
1-year period.

x = Number of y = Number of

State businesses business failures

Arizona 146.672 1090

Colorado 156891 2091

Idaho 46787 312

Montana 43961 191

Nevada 38593 255

New Mexico 55334 319

Utah 58156 372

Wyoming 26383 178

a. Draw a scatter diagram representing these data.

b. Using the “eyeball” method, fit a straight line
to the data.

c. Does there appear to be any relationship between the
variables? If so, is the relationship direct or inverse?

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