Q2/The owner of a company would like to review the relationship between years on the job and weekly production units. Sample data of 5 employees revealed the table shown. A) Determine the regression equation. Years on Weekly Production job (x) units (y) B) Determine the 0.8 confidence interval for the mean weekly production for an employee worked for 7 years. 12 10 15 13 21
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.
![Q2/The owner of a company would like to review the relationship between years on the job
and weekly production units. Sample data of 5 emplovees revealed the table shown.
A) Determine the regression equation.
Years on
Weekly Production
units (y)
job (x)
B) Determine the 0.8 confidence interval for the mean weekly
production for an employee worked for 7 years.
12
10
6.
in
15
13
11](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0fc34167-2b82-488f-af07-87c1f2f12819%2F617651bf-be24-4a56-9985-c9e87d1eb231%2F9ahwz1p_processed.jpeg&w=3840&q=75)
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