Questions: 2.3: Least squares method What variables are used in the scatterplot above? What is the direction of the correlation? What is the strength of the correlation? - Negative - No correlation - Positive

2.3: Least squares method What variables are used in the scatterplot above? What is the direction of the correlation? What is the strength of the correlation? - Negative - No correlation - Positive
Transcript text: 2.3: Least squares method What variables are used in the scatterplot above? What is the direction of the correlation? What is the strength of the correlation? - Negative - No correlation - Positive
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Solution

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Solution Steps

Step 1: Determine the variables

The x-axis represents credit score, and the y-axis represents home equity.

Step 2: Determine the direction of correlation

The points generally trend upwards from left to right. This indicates a positive correlation.

Step 3: Determine the strength of correlation

While a positive correlation exists, the points are quite spread out. This suggests a weak positive correlation.

Final Answer

Variables: Credit score and Home equity Direction of correlation: Positive Strength of correlation: Weak positive

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