Question
Which type of data visualization is most useful for
identifying the relationship between two continuous variables?Solution
A scatter plot is the most effective visualization for examining the relationship between two continuous variables, as it displays individual data points on a two-dimensional plane. This allows analysts to observe trends, correlations, and potential outliers directly. By plotting one variable on the x-axis and the other on the y-axis, scatter plots reveal patterns that can indicate the strength and direction of a relationship, such as positive, negative, or no correlation, thus providing valuable insights for further statistical analysis. The other options are incorrect because: • Option 1 (histogram) shows data distribution for a single variable, not relationships. • Option 2 (box plot) is useful for displaying variability but not for showing relationships between variables. • Option 4 (pie chart) represents categorical data proportions and does not support continuous variable relationships. • Option 5 (bar chart) compares categories rather than continuous relationships.
World Wide commodity Prices date (Pink Sheet) is related with?
Match the points under List I with those under List II. List I (Phylum) List II (Example)
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I. Reverse Repo Rate
II. Corridor
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