A public utility jeepney (PUJ) is operating from La Trinidad to Baguio for a total distance of 15km. The cost of fuel consumed by the PUJ is dependent on its speed and is given by the equationPhp 0.002v3per hour, where v is the speed. Other expenses such as salaries, depreciation, etc. amount to Php 100 per hour. Find the most economical speed of the PUJ in kph.
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.
A public utility jeepney (PUJ) is operating from La Trinidad to Baguio for a total distance of 15km. The cost of fuel consumed by the PUJ is dependent on its speed and is given by the equationPhp 0.002v3per hour, where v is the speed. Other expenses such as salaries, depreciation, etc. amount to Php 100 per hour. Find the most economical speed of the PUJ in kph.
Answer not in whole number must be round off to the nearest 4th decimal place
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