In a scatterplot of the average price of a barrel of oil and the average retail price of a gallon of gas, you expect to see

a. very little association.

b. a weak negative association.

c. a strong negative association.

d. a weak positive association.

e. a strong positive association.

Short Answer

Expert verified

The correct option is (a) very little association.

Step by step solution

01

Given information

A scatterplot illustrating the average retail price of a gallon of gas and the average price of a barrel of oil

02

Explanation

When both variables are independent variables, there is no relationship or association between them. Because the average retail price of a gallon of gasoline and the average price of a barrel of oil are both independent variables. As a result, there would be virtually little correlation between the average retail price of a gallon of gas and the average retail price of a gallon of gasoline. Thus, the correct option is (a).

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