General instruction: Solve the following problem as directed. Show your solutions. All computed values should be rounded off to three decimal places. Show your answers clearly. Lizzie wants to open a fashion boutique business. Before selecting a location, she would like to be able to predict the profit in pesos that the store maybe expected to earn per hundred square feet of selling space, She gathers the following data: Store Size Profit 1. Identify the indepondent and dependent variables (2 pts). 2. Compute for the correlation coefficient (5 pts). 3. Based on 2, explain the relationship between the two variables. Discuss the implication of this relationship (5 pts). 4. Solve for the y-intercept and the slope (5 pts). 5. Form the equation of the regression line that describes the relationship between the two variables (3pts). 6. Predict the profit of the fashion boutique business when the store measures 3800 square feet. Explain the result (5 pts). (100 sq. ft.) (R 10,000) 35 20 22 15 27 17 16 28 16 12 7 40 22 32 23 a = [»E*-(E»)][•E»* -(E»)]

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.