Company policy requires employees to be less than 12 minutes late for work. What percentage of the time will Oliver meet company policy? Records show that Oliver is typically 10-30 minutes late for his shift at work. The distribution for the minutes he is late forms a consistent pattern, which can be graphed as the given uniform density curve. 6.7% 10% 60% 90% 16 57 16 19 20 21 22 s Minutes Late to Work 10 11 12 13 14 15 29 30
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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