Suppose you were to collect data for the pair of given variables in order to for

Question

Suppose you were to collect data for the pair of given variables in order to form a scatterplot. Determine if each is explanatory, a response, or whether it could be both. Profit Levels per year, Corporate Pay Bonus Rates per year A) Profit Levels per year: explanatory Corporate Pay Bonus rates per year: both B) Profit Levels per year: both Corporate Pay Bonus rate per year: explanatory C) Profit Levels per year response Corporate Pay Bonus rates per year: explanatory D) Corporate Pay Bonus rates per year: response Profit Levels per year: explanatory

Explanation / Answer

Solution:

(B) Profit Levels per year : both

Corporate Pay Bonus rate per year : explanatory

Profit levels per year variable can work as both response as well as explanatory variable.

Profit levels per year variable is account of profability , so it have various factors which effect it.

It is response variable. It can also used as explanatory variable which effect the company balanced sheet.

Corporate Pay Bonus rate per year is explanatory variable. It is used to give effect on company balanced sheet .

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