nis problem, carry at least four digits arter decimal in your calculations. Answers may vary slightly due to rounding. How hard is it to reach a businessperson by phone? Let p be the proportion of calls to businesspeople for which the caller reaches the person being called on the first try. (a) If you have no preliminary estimate for p, how many business phone calls should you include in a random sample to be 80% sure that the point estimate p will be within a distance of 0.06 from p? (Round your answer up to the nearest whole number.) 114 phone calls (b) A report states that businesspeople can be reached by a single phone call approximately 13% of the time. Using this (national) estimate for p, answer part (a). (Round your answer up to the nearest whole number.) 38 |× phone calls
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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