The following data shows the price of PAO, Inc. stock over the last 8 months.
Month
Price
1
2.08
2
2.00
3
2.03
4
1.91
5
1.88
6
1.87
7
1.70
8
1.67
?
a.Develop a scatter diagram and draw a trend line through the points.b.What kind of relationship exists between stock price and time (negative, positive, or no relation)?
What will be an ideal response?
b. Negative
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