Describe the differences between correlations and

Reference no: EM13612685

Describe the differences between correlations and regressions. Can you describe situations where you would use one of these over the over and why you would do so?

If a business suspected a correlation between sales and profits, how might it go about investigating this?

If a company wanted to see what was impacting profits, on what variables might it collect information within the company that should be added to the regression? Why would those variables be included?

Consider a situation in your life. Present a short description of the situation and how a regression might help you make a more informed decision. What variables would be included and how could the results help you?

Reference no: EM13612685

Questions Cloud

A simple random sample of size n is drawn from a population : a simple random sample of size n is drawn from a population that is normally distributed. the sample mean x-bar is is

Conduct the appropriate test to answer the question does : at some vacation destinations all-inclusive resorts allow you to pay a flat rate and then eat and drink as much as you

Suppose that parts below the lower specification limits can : components used in a cellular telephone are manufactured with nominal dimension of 0.3 mm and lower and upper

Does the distribution of p the sample proportion of adults : news reports tell us that the average american is overweight. many of us have tried to trim down to our weight when we

Describe the differences between correlations and : describe the differences between correlations and regressions. can you describe situations where you would use one of

Suppose we select an srs of size n 100 from a large : suppose we select an srs of size n 100 from a large population having proportion p of successes. let p be the

Determine the probability that the average height of the : the height of the water level in mineral water bottles has a mean of 140 mm and a standard deviation of 4 mm. assume

Suppose xyand c represent the length width and perimeter : suppose xyand c represent the length width and perimeter of a flat rectangular sheet metal part. note that xis a normal

User Account

All Pages