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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.

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Q: How is a scatter plot used in real life?
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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.


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.


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'.


How are opposites and reciprocals used in real life situations?

Believe it or not, school is a real life situation. If you are using it in school it real life for you.


What graphical technique should be used to display a correlation?

A scatter plot is a graphical technique commonly used to display correlations between two variables. It allows you to visually observe the relationship between the variables and assess the strength and direction of the correlation.