2. Supply an answer for the following senarios: a. For a textbook with 400 pages, predict the cost. b. For a textbook with 600 pages, predict the cost. 3. Obtain the graph on your calculator or computer. Sketch the regression line. Figure 12.23 Discussion Questions 1. Answer each question in complete sentences. a. Does the line seem to fit the data? Why? b. What does the correlation imply about the relationship between the number of pages and the cost?
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.


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