Asked by Sabrina Benavides on May 16, 2024
Verified
Scatter diagrams plot volume (units)on the vertical axis and cost on the horizontal axis.
Scatter Diagrams
are graphical representations used in statistics to show the relationship between two variables, displaying data points on a two-dimensional plot.
Vertical Axis
A line on a graph that represents the range of values for a certain variable, typically found on the left side of a chart.
- Gain insight into the use and boundaries of assorted approaches for assessing cost behavior.
Verified Answer
TO
timii odunfaMay 20, 2024
Final Answer :
False
Explanation :
Scatter diagrams plot one variable on the horizontal axis and the other variable on the vertical axis. In this case, it would plot cost on the vertical axis and volume on the horizontal axis.
Learning Objectives
- Gain insight into the use and boundaries of assorted approaches for assessing cost behavior.
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