The table shows the historical in-state tuition rates for the University of Kalamazoo. Use the data to answer the questions and round your answers to two decimal places. Academic year Rate of tuition for one semester 2008–2009 $3,812 2009–2010 $4,002 2010–2011 $4,441 2011–2012 $4,905 2012–2013 $5,181 What is the percentage increase in tuition from the 2008–2009 school year to the 2012–2013 school year?
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 table shows the historical in-state tuition rates for the University of Kalamazoo. Use the data to answer the questions and round your answers to two decimal places.
| Academic year | Rate of tuition for one semester |
|---|---|
| 2008–2009 | $3,812 |
| 2009–2010 | $4,002 |
| 2010–2011 | $4,441 |
| 2011–2012 | $4,905 |
| 2012–2013 |
$5,181
|
What is the percentage increase in tuition from the 2008–2009 school year to the 2012–2013 school year?
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