The following pairs give the value of variables of capital employed and profit.
Capital employed (in crores of ₹ ) (X) |
: |
2 |
3 |
5 |
6 |
8 |
9 |
Profit (in lacs of ₹ ) (Y) |
: |
6 |
5 |
7 |
8 |
12 |
11 |
(a) Make a scatter diagram.
(b) Do you think that there is any correlation between profit and capital employed? Is it positive or negative ? Is it high or low?
(c) By graphic inspection , draw an estimating line.