The data in the table below show years of teaching experience and annual salary in dollars for 12 randomly selected mathematics instructors in Illinois colleges/ universities for the 2013/2014 school year. Is there a linear correlation between a mathematics instructor’s years of experience and his or her annual salary? Number of Years:7 9 6 7 11 12 11 3 3 7 9 1 Salary (in Dollars): 48,897 62,866 54,585 56,611 53,541 53,541 47,027 47,970 46,668 48,029 46,735 45,000
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.
The data in the table below show years of teaching experience and annual salary in dollars for 12 randomly selected mathematics instructors in Illinois colleges/ universities for the 2013/2014 school year. Is there a
Number of Years:7 9 6 7 11 12 11 3 3 7 9 1
Salary (in Dollars): 48,897 62,866 54,585 56,611 53,541 53,541 47,027 47,970 46,668 48,029 46,735 45,000
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