Below is the data for this question and is also attached as an image. Will give thumbs up and Thank you! CAR_PRICE GENDER AGE 1 6331.6 Female Less then 16 2 6242.9 Female Less then 16 3 2062.2 Female Less then 16 4 4503.1 Female Less then 16 5 4323 Female Less then 16 6 1675.8 Male Less then 16 7 5785.6 Male Less then 16 8 6356.8 Male Less then 16 9 3504.3 Male Less then 16 10 5877.3 Male Less then 16 11 5371 Female 16 to 18 12 5624.2 Female 16 to 18 13 6905.7 Female 16 to 18 14 5414.8 Female 16 to 18 15 6269.8 Female 16 to 18 16 6151.4 Male 16 to 18 17 5430.9 Male 16 to 18 18 3833.6 Male 16 to 18 19 3481.8 Male 16 to 18 20 5899.2 Male 16 to 18 21 5071.1 Female 19 to 21 22 6726 Female 19 to 21 23 5347.6 Female 19 to 21 24 7552.6 Female 19 to 21 25 5143.2 Female 19 to 21 26 5765.9 Male 19 to 21 27 6402.6 Male 19 to 21 28 5042.8 Male 19 to 21 29 7944.1 Male 19 to 21 30 5504.2 Male 19 to 21 31 9064.9 Female 22 to 25 32 10635.1 Female 22 to 25 33 5235.2 Female 22 to 25 34 4618.2 Female 22 to 25 35 3884 Female 22 to 25 36 6591.7 Male 22 to 25 37 3811.5 Male 22 to 25 38 4113.4 Male 22 to 25 39 6534.7 Male 22 to 25 40 3956.1 Male 22 to 25 41 7883.1 Female Older then 25 42 7068.9 Female Older then 25 43 8474.7 Female Older then 25 44 6100.9 Female Older then 25 45 10429 Female Older then 25 46 6570.5 Male Older then 25 47 8259.3 Male Older then 25 48 8911.8 Male Older then 25 49 8072 Male Older then 25 50 6768.1 Male Older then 25
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.
Below is the data for this question and is also attached as an image. Will give thumbs up and Thank you!
|
CAR_PRICE |
GENDER |
AGE |
1 |
6331.6 |
Female |
Less then 16 |
2 |
6242.9 |
Female |
Less then 16 |
3 |
2062.2 |
Female |
Less then 16 |
4 |
4503.1 |
Female |
Less then 16 |
5 |
4323 |
Female |
Less then 16 |
6 |
1675.8 |
Male |
Less then 16 |
7 |
5785.6 |
Male |
Less then 16 |
8 |
6356.8 |
Male |
Less then 16 |
9 |
3504.3 |
Male |
Less then 16 |
10 |
5877.3 |
Male |
Less then 16 |
11 |
5371 |
Female |
16 to 18 |
12 |
5624.2 |
Female |
16 to 18 |
13 |
6905.7 |
Female |
16 to 18 |
14 |
5414.8 |
Female |
16 to 18 |
15 |
6269.8 |
Female |
16 to 18 |
16 |
6151.4 |
Male |
16 to 18 |
17 |
5430.9 |
Male |
16 to 18 |
18 |
3833.6 |
Male |
16 to 18 |
19 |
3481.8 |
Male |
16 to 18 |
20 |
5899.2 |
Male |
16 to 18 |
21 |
5071.1 |
Female |
19 to 21 |
22 |
6726 |
Female |
19 to 21 |
23 |
5347.6 |
Female |
19 to 21 |
24 |
7552.6 |
Female |
19 to 21 |
25 |
5143.2 |
Female |
19 to 21 |
26 |
5765.9 |
Male |
19 to 21 |
27 |
6402.6 |
Male |
19 to 21 |
28 |
5042.8 |
Male |
19 to 21 |
29 |
7944.1 |
Male |
19 to 21 |
30 |
5504.2 |
Male |
19 to 21 |
31 |
9064.9 |
Female |
22 to 25 |
32 |
10635.1 |
Female |
22 to 25 |
33 |
5235.2 |
Female |
22 to 25 |
34 |
4618.2 |
Female |
22 to 25 |
35 |
3884 |
Female |
22 to 25 |
36 |
6591.7 |
Male |
22 to 25 |
37 |
3811.5 |
Male |
22 to 25 |
38 |
4113.4 |
Male |
22 to 25 |
39 |
6534.7 |
Male |
22 to 25 |
40 |
3956.1 |
Male |
22 to 25 |
41 |
7883.1 |
Female |
Older then 25 |
42 |
7068.9 |
Female |
Older then 25 |
43 |
8474.7 |
Female |
Older then 25 |
44 |
6100.9 |
Female |
Older then 25 |
45 |
10429 |
Female |
Older then 25 |
46 |
6570.5 |
Male |
Older then 25 |
47 |
8259.3 |
Male |
Older then 25 |
48 |
8911.8 |
Male |
Older then 25 |
49 |
8072 |
Male |
Older then 25 |
50 |
6768.1 |
Male |
Older then 25 |
Step by step
Solved in 2 steps with 4 images