The data in the table below represents the square footage and rents (dollars per month) for apartments in a section of a large city. Complete parts (a) through (c) below. Question Help v Square Footage, x 676 Rent per Month, R 1425 1455 773 826 785 808 900 792 1520 1485 1510 1575 1480 (a) Using a graphing utility, draw a scatter diagram of the data treating square footage as the independent variable. What type of relation appears to exist between square footage and rent? Which graph below is a scatter diagram of the data?
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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