# Loading libraries
import matplotlib.pyplot as plt
import numpy as np

# Generate random data
x = np.random.randn(50)
y = np.random.randn(50)

# Create scatter plot
plt.scatter(x, y)

# Add axis labels and title
plt.xlabel('X-axis')
plt.ylabel('Y-axis')
plt.title('Simple Scatter Plot')

# Show plot
plt.show()