The following data shows the price of PAO, Inc.stock over the last 8 months. $$\begin{array} { l l }
\text { Month } & \text { Price } \
1 & 2.08 \
2 & 2.00 \
3 & 2.03 \
4 & 1.91 \
5 & 1.88 \
6 & 1.87 \
7 & 1.70 \
8 & 1.67
\end{array}$$
a.
Develop a scatter diagram and draw a trend line through the points.
b.
What kind of relationship exists between stock price and time (negative, positive, or no relation)?

Question

The following data shows the price of PAO, Inc.stock over the last 8 months. $$\begin{array} { l l } 
\text { Month } & \text { Price } \
1 & 2.08 \
2 & 2.00 \
3 & 2.03 \
4 & 1.91 \
5 & 1.88 \
6 & 1.87 \
7 & 1.70 \
8 & 1.67
\end{array}$$ ​ 
a.
Develop a scatter diagram and draw a trend line through the points.
b.
What kind of relationship exists between stock price and time (negative, positive, or no relation)?

Quizplus · Accepted Answer

The Answer of The following data shows the price of PAO, Inc.stock over the last 8 months. $$\begin{array} { l l } 
\text { Month } & \text { Price } \
1 & 2.08 \
2 & 2.00 \
3 & 2.03 \
4 & 1.91 \
5 & 1.88 \
6 & 1.87 \
7 & 1.70 \
8 & 1.67
\end{array}$$ ​ 
a.
Develop a scatter diagram and draw a trend line through the points.
b.
What kind of relationship exists between stock price and time (negative, positive, or no relation)?

The Following Data Shows the Price of PAO, Inc ​ A Develop a Scatter Diagram and Draw a Trend Line

The Following Data Shows the Price of PAO, Inc
A
Develop a Scatter Diagram and Draw a Trend Line