Question 4 Suppose that the cost of purchasing CDs from a music club is a flat membership fee of $25 plus $10 for each CD purchased. If C is the cost in dollars and n is the number of CDs bought, then the amount of money you pay is a linear function of the number of CDs you buy and the linear formula for this relationship would be: C- 10-25n C- 25n-10 O C- 10n + 25 C-25n + 10
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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