Question

Need answer's ASAP

Answer 1

To draw a scatter plot , we just need to draw two axis like coordinate axis and plot the given ordered pair inside this X-Y plane.

X Axis - Saving Account Balance                          Time(Y axis)

1300                                                                            1

2500                                                                          2

3600                                                                            3

4000                                                                             4

2200                                                                             5

1800                                                                              6

3200                                                                               7

900                                                                                 8

A scatterplot shows correlation between balance and duration i.e time. A correlation between two variables may be positive, negative, or no correlation depending upon how points are scattered on the coordinate plane.

Answer 2

You can use a graphing paper or a software to create a scatter plot. I used MS Excel to plot the points. You simply have to type the values and create a graph. The x-axis is the number of years and the y-axis is the savings account balance.