GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In a scatter diagram, a line that provides an approximation of the relationship between the variables is known as
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approximation line
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trend line
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line of zero intercept
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line of zero slope
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Explanation:
Detailed explanation-1: -Correct. A trendline is a line that provides an approximation of the relationship between two quantitativevariables called independent and dependent.
Detailed explanation-2: -A scatterplot shows the relationship between two quantitative variables measured for the same individuals. The values of one variable appear on the horizontal axis, and the values of the other variable appear on the vertical axis. Each individual in the data appears as a point on the graph.
Detailed explanation-3: -Answer and Explanation: The correct option is (c). The estimated line of cost behavior is the line representing on the scatter diagram which shows the relationship between cost and volume or number of units produced.
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