Question

Make a scatterplot for the data in each table. Use the scatter plot to identify and clustering or outliers in the data. Value of Home Over Time Number

Normal distributions
ANSWERED
asked 2021-05-18
Make a scatterplot for the data in each table. Use the scatter plot to identify and clustering or outliers in the data.
Value of Home Over Time
Number of Years Owned: 0, 3, 6, 9, 12, 15, 18, 21
Value (1,000s of $): 80, 84, 86, 88, 89, 117, 119, 86

Answers (2)

2021-05-20

Answer is given below (on video)

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Best answer
2021-08-04

Step 1
Scatterplot
Number of years owned is on the horizontal axis and Value (1,000s of $) is on the vertical axis.
The number of years owned range from 0 to 21, thus an appropriate scale for the horizontal axis is from —3 to 22.
The value (1,000s of $) range from 80 to 119, thus an appropriate scale for the vertical axis is from 75 to 125.
image
Step 2
There appear to be two outliers at 15 and 18 years, because the corresponding points lie far above the general pattern in the other points.
Result:
Two outliers.

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