John Calipari, head basketball coach for the 2012 national champion University of Kentucky Wildcats, is the highest paid coach in college basketball with an annual salary of $5.4 million (as of March 29, 2012). It is thought that basketball coaches' salaries are fairly varied with a mean of 2 million dollars but the NCAA suggests that the mean of coaches' salaries is more than 2 million dollars and wants to use data to support that. Hypotheses Ho: H1: Direction of the extreme:
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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2. John Calipari, head basketball coach for the 2012 national champion University of Kentucky Wildcats, is the
highest paid coach in college basketball with an annual salary of $5.4 million (as of March 29, 2012). It is thought
that basketball coaches' salaries are fairly varied with a mean of 2 million dollars but the NCAA suggests that the
mean of coaches' salaries is more than 2 million dollars and wants to use data to support that.
Hypotheses
Ho:
H :
Direction of the extreme:
3. The label on a 3-quart container of orange juice states that the orange juice contains an average of 1 gram of fat.
The quality control agents at the company want to determine if the fat content is different than the label states.
Hypotheses
Ho:
H:
Direction of the extreme:
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