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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
15 Nov 2021

Given information

  • Given : Table is 

  • To Draw a scatter plot of the data. 

Step-by-step explanation

Step 1.
While creating scatterplot, consider "net taxable estate" as an independent variable on axis and consider "costs of approximate probate fees and taxes" as a dependent variable on axis. The scatterplot is made in Excel using below steps.
1. Select the given data and Go to Insert in the menu bar.
2. Select "Scatter" from the heading "Charts".
3. Select "Scatter with only Markers".
4. Click on the displayed chart and on the right hand side of the chart, a plus sign can be seen. Click on it and select chart elements written as Axis, Axis Title, Data label, Chart Title. 

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