The following functions give the population of three towns in terms of the number of years, t, since 1995. Use this information to answer the following questions. Let L represent the population of Linwood where L=9625(1.1)^t Let N represent the population of Northfield where B=7329(1.15)^t Let S represent the population of Somers Point where S=12826(0.9)^t In what year was the population of Linwood predicted to be 9850 people? In what year was the population of Northfield predicted to be 13,400 people? In what year was the population of Somers Point predicted to be 11,220 people?
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 following functions give the population of three towns in terms of the number of years, t, since 1995. Use this information to answer the following questions.
- Let L represent the population of Linwood where L=9625(1.1)^t
- Let N represent the population of Northfield where B=7329(1.15)^t
- Let S represent the population of Somers Point where S=12826(0.9)^t
- In what year was the population of Linwood predicted to be 9850 people?
- In what year was the population of Northfield predicted to be 13,400 people?
- In what year was the population of Somers Point predicted to be 11,220 people?
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