Use R and Excel a. Insert the scatterplot based off the data point. Scatterplot R Excel (Adjust the range to 200 < y< 450) b. Find the regression equation and r2 for the data points. Insert R and Excel Output. Regression Line r2 r2 = R Output Excel Output c. Describe the apparent relationship between the two variables.
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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A1
between 1 and 6 years old. Here, x denotes age, in years, and y denotes price, in
hundreds of dollars. Use the information to complete parts (a) through (d).
A
В
1
y
2
6.
250
Use R and Excel
a. Insert the scatterplot based off the data point.
1
410
245
2
350
6.
265
Scatterplot
7
370
R
4
335
9.
5
300
10
11
Excel (Adjust
12
the range to
200 < y< 450)
b. Find the regression equation and r2 for the data points. Insert R and Excel
Output.
Regression
Line
r2
r2
R Output
Excel
Output
С.
Describe the apparent relationship between the two variables.
d. Predict the value of the response variable for a 3-year-old ambulance. Interpret
your result."
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