A manager of a local retail store analyzes the relationship between the number of rainy days and sales by reviewing the store’s data for the previous six months. She computes the correlation between sales and number of rainy days as -0.90. Select ALL that apply. a. There is a strong positive linear relationship between sales and number of rainy days. b. As the number of rainy days increases sales decrease. c. As the number of rainy days increases sales increase. d. There is a strong negative linear relationship between sales and the number of rainy days
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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A manager of a local retail store analyzes the relationship between the number of rainy days and sales by reviewing the store’s data for the previous six months. She computes the
correlation between sales and number of rainy days as -0.90. Select ALL that apply.a. There is a strong positive linear relationship between sales and number of rainy days.
b. As the number of rainy days increases sales decrease.
c. As the number of rainy days increases sales increase.
d. There is a strong negative linear relationship between sales and the number of rainy days.
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