About 5% of hourly paid workers in a region eam the prevailing minimum wage or less. A grocery chain offers discount rates to companies that have at least 30 employees who earn the prevaling minimum wage or less. Complete parts (a) through (e) below Score (a) Company A has 300 employees. What is the probability that Company A will get the discount? Score O(Round to four decimal places as needed.) (b) Company B has 538 employees. What is the probability that Company B will get the discount? score (Round to four decimal places as needed.) Score (c) Company C has 1034 employees. What is the probability that Company C will get the discount? (Round to four decimal places as needed.) Score ant es Cess 60% Enter your answer in each of the answer boxes. Romaining: 00-58:15 Next Score
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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