Campus Book Shop has been selling the believe it or not: wonders of statistics for 9 semester and would like to estimate the relationship between sales and number of sections of elementary statistics taught in each semester. The data is as following: Sales 33 38 24 61 52 45 65 82 29 No. of Section 3 7 6 6 10 12 12 13 12 Draw a scatter diagram. Calculate correlation coefficient.
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.
Campus Book Shop has been selling the believe it or not: wonders of statistics for 9 semester and would like to estimate the relationship between sales and number of sections of elementary statistics taught in each semester. The data is as following:
|
Sales |
33 |
38 |
24 |
61 |
52 |
45 |
65 |
82 |
29 |
|
No. of Section |
3 |
7 |
6 |
6 |
10 |
12 |
12 |
13 |
12 |
- Draw a
scatter diagram . - Calculate
correlation coefficient . - Interpret the result.
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