The scatterplot below shows the model year, x, and the asking price, y, of cars of a particular model on a used car website. There is one car at the point (1989, 3475). Suppose the data set had been presented without this car included.
What effect would this point's absence have on the correlation coefficient?
Price versus Model Year for Used Cars
25,000
20 000
15,000
Price (S)
10.000
(1989, 3475)
5000
0
1980
1990
2010
2020
2000
Model Year