A university library ordinarily has a complete shelf inventory done once every year. Because of new shelving rules instituted the previous year, the head librarian believes it may be possible to save money by postponing the inventory. The librarian decides to select at random 800 books from library's collection and have them searched in a pre- liminary manner. If evidence indicates strongly that the true proportion of misshelved or unlocatable books is less than 0.01, then the inventory will be postponed. a. Among the 800 books searched, 20 were misshelved or unlocatable. Test the relevant hypotheses and advise the librarian what to do (use a = 0.05). c. If the true proportion is 0.05, what is the probability that the inventory will be postponed.
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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