Consider the Following Data on 30 Different Investments and Their

Essay

Consider the following data on 30 different investments and their maturity values after 15 years. $$\begin{array} { | r | r | } \hline \text { Investment (\$) } & \text { Future value (\$) } \\\hline 1500 & 3119 \\\hline 2000 & 4158 \\\hline 2200 & 4574 \\\hline 2480 & 5156 \\\hline 2850 & 5925 \\\hline 3250 & 6757 \\\hline 3560 & 7401 \\\hline 3890 & 8088 \\\hline 4180 & 8690 \\\hline 4390 & 9127 \\\hline 4550 & 9460 \\\hline 4800 & 9979 \\\hline 5150 & 10707 \\\hline 5320 & 11060 \\\hline 5510 & 11455 \\\hline 5760 & 11975 \\\hline 6140 & 12765 \\\hline 6300 & 13098 \\\hline 6480 & 13472 \\\hline 6590 & 13701 \\\hline 6712 & 13954 \\\hline 6900 & 14345 \\\hline 7110 & 14782 \\\hline 7480 & 15551 \\\hline 7590 & 15780 \\\hline 7670 & 15946 \\\hline 7700 & 16008 \\\hline 7840 & 16299 \\\hline 8010 & 16653 \\\hline 8500 & 17671 \\\hline\end{array}$$
a. Prepare a scatter diagram to show the relationship between the variables Investment and Future value. Comment on any relationship between the variables.
b. Create a trendline for the relationship between Investment and Future value.What does the trendline indicate about this relationship?