The table below shows the number of composition notebooks and the corresponding costs. The cost per composition notebook is P25. Solve for the Pearson Product Movement Correlation Coefficient and construct a scatterplot. number of composition notebooks (x) 1 2 3 4 5n 6. cost per composition notebook (y) 25 50 75 100 125 150 olution:
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 table below shows the number of composition notebooks and the corresponding costs. The cost per composition
notebook is P25. Solve for the Pearson Product Movement Correlation Coefficient and construct a scatterplot.
number of composition notebooks (x)
1
3.
cost per composition notebook (y)
25
50
75
100
125
150
Solution:"
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