answersLogoWhite

0

A scatter graph can be used in companies to plot things such as profit and loss for certain items (or the company as a whole) over time, which can give the company a good insight to what sells well and a guideline of what they could do to increase profit.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What kind diagram is used to graph two-variable data for correlation analysis?

A scatter plot.A scatter plot.A scatter plot.A scatter plot.


What is is the purpose of a scatter plot?

Scatter plot graphs are used in mathematics. They are used to show types of relationships or correlations that are between two sets of data.


How is a box and whisker plot used in real life?

to help you find the area of a shap


What is a scatter plot used for?

showing data and seeing if it's closely related or not related at all


How is a scatter chart used in Microsoft Excel?

frst make a table. then highlight it. click insert at the top of the page. there will be a selection of graphs. choose scatter plot.


What is a scatter plot line graph used for?

Scatter plot line graphs are used:In research to see trendsby Actuaries to predict insurance ratesby economist to predict the economyThe general idea is to derive a trend or general theme for a series of points of data.


How can a scatter plot be used?

A scatter plot can be used to see if there is any relationship between two variables. It can also give a general idea of the nature of that relationship (linear, quadratic, logarithmic, inverse square, etc; whether or not the relationship remains constant over the domain, whether or not the variation remains constant (homoscedasticity), and so on.


What is a scatter plot description?

A scatter plot is a graphical representation that displays the relationship between two quantitative variables. Each point on the plot corresponds to an observation, with one variable plotted along the x-axis and the other along the y-axis. By visualizing the data points, scatter plots can reveal trends, correlations, or patterns, such as whether an increase in one variable corresponds to an increase or decrease in the other. They are commonly used in statistics and data analysis to explore potential associations between variables.


When should you use a scatter graph?

The most common plots are bar charts and scatter/ line plots. Scatter plots as used in the Excel program, have continuous scales on the x and y coordinates. So, if your data is measured on a continuous scale, which includes many physical measurements are (ie: temperature, weights, speed, lengths or heights) then a scatter plot makes sense.


Why is the scatter plot the most commonly used type of graph in science.?

The scatter plot is the most commonly used type of graph in science because it effectively displays the relationship between two quantitative variables, allowing researchers to observe patterns, trends, and correlations. By plotting individual data points, it facilitates the identification of outliers and the assessment of data dispersion. Additionally, scatter plots can help in fitting regression lines, aiding in predictive analysis and hypothesis testing. This versatility makes them an essential tool for data visualization in scientific research.


Are proportions used in real life?

Proportions are used in real life to determine prices of things.


What is the use of scatter graph?

A scatter diagram or scatter graph is used to plot two sets of data to see whether a connection or correlation can be established between them. It is a particularly useful form of graph to use when analysing social science data where you are trying to prove a hypothesis such as 'older people sustain more fractures' or 'the more hours homework a child does the better his/her SATs results will be'.