Describe the purpose of scatter diagrams

Assignment Help Business Management
Reference no: EM132870949

Assignment Details

Predicting the probability of achieving the desired results often involves the comparison of two groups. For example, politicians would like to know who is more likely to vote for them, and they will compare the data of potential voters: younger and older, males and females, urban and rural, and so on. Similarly, employees would like to know whether their salary depends more on experience or level of education. Hence, hypothesis testing with two samples may be of great value. In addition, statisticians often make better predictions if they know whether one variable is related to the other. That is, when comparing two variables and attempting to see whether there is a relationship between them, analysts will try to determine whether changes made to one variable trigger corresponding changes in the other variable.

Describe the purpose of scatter diagrams, and discuss how you would determine whether positive, negative, or no correlation exists between two variables by looking at the scatter diagram.

Reference no: EM132870949

Questions Cloud

Relationship between family satisfaction on job performance : Is there a relationship between family satisfaction on your job performance? if yes? is there a study to prove? Explain using references.
Assignment on numeracy and budget skills : 1. Your plan shows expenditure of $52000 on wages for the project. You are half way through the project but have spent 70% of the wages.
What is the purpose of advertising : Your salesperson reported her concern over some grapevine information that she picked up during her last tour of travel agencies. A few of the agents are report
How to write a business report : After reading the assigned pages from the Victoria Business School's "Example of a Finished Report," you will answer a series of questions.
Describe the purpose of scatter diagrams : Describe the purpose of scatter diagrams, and discuss how you would determine whether positive, negative, or no correlation exists
What are the desiderata of a good average : What are the desiderata (requirements) of a good average? Compare the mean, the median and the mode in the light of these desiderata?
How is behavioral control impacted by motivational approach : How is behavioral control impacted by motivational approaches? What motivational approaches are you aware of that have been either very effective or ineffective
Major elements of wil grill competitive strategy : What are the major elements of Wil's Grill's competitive strategy? How well do the pieces fit together?
Explain competitive dynamics in slow-cycle : 1. Define competitors, competitive rivalry, competitive behavior, and competitive dynamics.

Reviews

Write a Review

Business Management Questions & Answers

  Promise and perils of globalization

In its 45 years of existence, Nike has developed from a small operation to a household name, present on all continents. However, in the 1990's Nike came under scrutiny for various unethical practices.

  Trying to cut the grapevine

Trying to Cut the Grapevine-How can managers create policies that target negative gossip while also preserving the benefits of positive gossip?

  Example of a nonprogrammed decision

Bill Simmons is the manager of a small restaurant and must decide how much money he owes his suppliers. This is an example of a nonprogrammed decision.

  Enhance a firm competitive advantage

Briefly explain, How can a strong, positive culture enhance a firm's competitive advantage?

  Information for the bu scholarship investment fund

Consider the following information for the BU Scholarship Investment Fund. The total investment in the fund is $1 million.

  Market failure and safety mandates

Therefore the industry should be considered as a market failure and safety mandates should be imposed by the government to insure that all cars are completely.

  Discuss the steps required for businesses to comply

discusses the steps required for businesses to comply with the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA).

  Advantages and risks of models and tools

There are many different tools and models one could use in decision making. What could be the advantages and risks of these models and tools?

  Explain alice decided to draw a check on bank

Explain Alice decided to draw a check on Bank A and deposit the check in Bank B and then proceed to write a check on Bank B to cover the purchase of the stock

  What is the marginal product

(Part A) What is the marginal product of the second worker?. (Part B) What is the marginal revenue product (MRP) of the fourth worker? (Part C) What is the marginal cost (MC) of the first worker?

  Can the findings of trait approaches be used

Can the findings of trait approaches be used to train potential leaders? Which traits seem easier to teach? Which are more stable?

  Compare the operation of stop-and-wait arq

1. Compare the operation of Stop-and-Wait ARQ with bidirectional Go-Back-N ARQ with a window size of 1. Sketch out a sequence of frame exchanges using each of these protocols and observe how the protocols react to the loss of an information frame ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd