The General Aviation Manufacturers Association has reported annual flying hours and fuel consumption for airplanes with a single, piston-driven engine as listed in table below. Data are in millions of flying hours and millions of gallons of fuel, respectively. Determine the linear regression equation describing fuel consumption as a function of flying hours. At the 0.05 level of significance, could the population slope and the population coefficient of correlation be zero? Determine the 95% confidence interval for the population slope. Year Hours Gallons 1992 18400000 199100000 1993 17000000 184200000 1994 16400000 177200000 1995 17800000 192600000 1996 17600000 188400000 1997 18300000 196300000
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 General Aviation Manufacturers Association has reported annual flying hours and fuel consumption for airplanes with a single, piston-driven engine as listed in table below. Data are in millions of flying hours and millions of gallons of fuel, respectively. Determine the linear regression equation describing fuel consumption as a
function of flying hours. At the 0.05 level of significance, could the population slope and the population coefficient ofcorrelation be zero? Determine the 95% confidence interval for the population slope. -
Year Hours Gallons 1992 18400000 199100000 1993 17000000 184200000 1994 16400000 177200000 1995 17800000 192600000 1996 17600000 188400000 1997 18300000 196300000
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