The following data give the percentage of women working in five companies in the retail and trade industry. The percentage of management jobs held by women in each company is also shown. %Working 68 45 73 55 62 %Management 50 21 65 47 34 Develop the estimated regression equation by computing the values b 0 and b 1. Enter negative values as negative numbers. Round your answer for the intercept to one decimal place, and your answer for the slope to two decimal places. y^ = + x
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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The following data give the percentage of women working in five companies in the retail and trade industry. The percentage of management jobs held by women in each company is also shown.
Develop the estimated regression equation by computing the values b 0 and b 1.
Predict the percentage of management jobs held by women in a company that has 60% women employees. Round your answer to a whole percentage. |
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