Answer :
The question revolves around scatter plots representing year and price of used cars. Scatter plots are used to represent relationships between two variables. By analysing the pattern in these plots, different correlation models can be inferred.
The question is referring to scatter plots which are graphical representations in a two-dimensional Cartesian coordinate system. Each point on the plot represents the simultaneous values of two variables. They are used to show the correlation between two variables, where one variable is on the horizontal axis and another is on the vertical axis.
In this context, the two variables represented by the scatter plot are the year and the price of used cars. These scatter plots might depict different relationships or trends in the data, such as linear, exponential, or no particular trend.
Determining the model for the relationship between the year and price of the cars would involve assessing the pattern of the scatter plot. If the pattern of points slopes from lower left to upper right, it would suggest a positive linear relationship. If the points do not show any clear pattern, the variables may not be related linearly. Sometimes, a non-linear model might be more appropriate.
Learn more about Scatter Plots here:
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