Scenario Initial value Identify rate Growth/Decay Rewrite base as 1+r, 1-r,) 6. You deposit $1500 in an account that pays 5% interest. 7. The mice population is 25,000 and is decreasing by 20% each year. 8. Jeremiah owns a business. His first year he made $11,212, each of the following years his profit increased 12%. 9. Dianna just bought a home. She paid $240,000. She is able to pay 20% of the loan off each year. 10. You have invested $2,500 in stocks. The stock appreciates at a rate of 5%.
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.
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 4 images
