Scatter plot A Scatter Plot B Scatter Plot C Define the relationship between X and Y. (You may select more than one answer.) Negative Strong Positive Modera
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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Subm
Floor Space (square
Weekly Sales
(dollars)
feet)
6,060
5,230
4, 280
5,580
5,670
5,020
5,410
4,990
4,220
4,160
4,870
5,470
16,380
14,400
13,820
18,230
14, 200
12,800
15,840
16,610
13,610
10,050
15,320
13,270
Click here for the Excel Data File
a) Using the table above, select the most appropriate scatter plot from the given choices.
Scatter Plot A
Scatter Plot B
Scatter Plot C
Floor Space and We ekly Sales
Floor Space and We ekly Sales
Floor Space and We ekly Sales
20.000
18,000
. 16,000
9 14,000
5 12,000
10,000
8,000
6,000
4,000
2,000
20,000
18,000
16,000
14,000
12,000
10,000
8.000
6,000
4,000
2,000
20,000
18,000
16,000
14,000
* 12,000
10,000
8,000
6,000
4,000
2,000
1,000 2,000 3,000 4,000
5,000 6,000 7,000
1,000 2,000 3,000 4,000 5,000 6,000 7,000
1,000 2,000 3,000 4,000
5,000 6,000 7,00
FLOOR SPACE
FLOOR SPACE
FLOOR SPACE
WEEKLY SALES
WEEKLY SALES
WEEKLY SALES"
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