Q 5: Al Matra LLC has recently hired Mr. Musab, a professional market researcher. Mr. Musab is interested to find out relationship between cost incurred and revenue earned by the company. He collected the data of last 7 7 years from the accounts department, but he is confused about the method which can find out the relationship. Revenue Cost Incurred Earned Year (OMR in (OMR in Millions) Millions) 2013 20 8 2014 10 22 2015 22 2016 7 18 2017 11 20 2018 12 24 2019 10 25 a) Suggest Mr. Musab a suitable method to find out the relationship between cost and revenue. b) Find out the correlation value and give interpretation of the result c) If correlation value is 1.25, discuss the result analytically.

Q 5: Al Matra LLC has recently hired Mr. Musab, a professional market researcher. Mr. Musab is interested to find out relationship between cost incurred and revenue earned by the company. He collected the data of last 7 7 years from the accounts department, but he is confused about the method which can find out the relationship. Revenue Cost Incurred Earned Year (OMR in (OMR in Millions) Millions) 2013 20 8 2014 10 22 2015 22 2016 7 18 2017 11 20 2018 12 24 2019 10 25 a) Suggest Mr. Musab a suitable method to find out the relationship between cost and revenue. b) Find out the correlation value and give interpretation of the result c) If correlation value is 1.25, discuss the result analytically.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

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Q 5: Al Matra LLC has recently hired
Mr. Musab, a professional market
researcher. Mr. Musab is interested to
find out relationship between cost
incurred and revenue earned by the
company. He collected the data of last
7
7 years from the accounts department,
but he is confused about the method
which can find out the relationship.
Revenue
Cost Incurred
Earned
Year
(OMR in
(OMR in
Millions)
Millions)
2013
20
8
2014
10
22
2015
22
2016
7
18
2017
11
20
2018
12
24
2019
10
25
a)
Suggest Mr. Musab a suitable
method to find out the
relationship between cost and
revenue.
b) Find out the correlation value
and give interpretation of the
result
c) If correlation value is 1.25,
discuss the result analytically.

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the link to the data is given below. please help asap i will upvote!! https://drive.google.com/file/d/1ervh7Ki2Nd-Ly1SjtXyCm82i40M6sE5z/view?usp=sharing