Graphic methods - correlation regression analysis, Operation Research

Assignment Help:

Graphic Methods

a.Scatter Diagram: Scatter  diagram  is a special  type of dot chart.  Under  this methods  the given data are  plotted in  a graph  paper  in the form of  dot. For each  pair of  or x and y values  we plot a dot( or  point) and thus  we obtain  many  dots equal in number of observation. If now these  plotted dotes  or points  show some  trends  either  upwards or downwards then the two variables  ( x and y) are said to  be correlated or otherwise not correlated. If  again  the trend of points  is upwards  moving  from  lower left hand corner to upper right hand corner then correlation is positive  ( r=+1) r is  coefficient  or correlation. On the  other hand if movement is reverse i, e,  dots  move  from  upper  left hand  corner  to lower right  hand corner then correlation  is negative (r= -1). The  idea  will be  clear from  diagram given  below:

1802_Graphic Methods.png

 

                    Positive Correlation                    Negative  Correlation

 

In fig (a) the values  of the two  variable  move in the same  direction the correlation is  positive and r= 1.

 In figure (b) we  find  negative  correlation and r= 1 as the values  move in  reverse direction.

 In figures (c) we dont  get any  trend  lying  and heance it shows  the  absence  of correlation  and r= 0.

 

 


Related Discussions:- Graphic methods - correlation regression analysis

Techniques of work measurement, Techniques  of Work  Measurement A n...

Techniques  of Work  Measurement A number of work  measurement  techniques  have been  developed  to suit  different  types of work . There are: 1. Repetitive work: The

Linear programming, #questiona paper mill produce two grades of x&y.becouse...

#questiona paper mill produce two grades of x&y.becouse of raw material reswtriction

Research an issue related to computer networks, Assignments should be submi...

Assignments should be submitted via FLO by the above deadline. Penalties for late submission are as set out in the topic SAM on FLO. Extensions can be granted in line with standard

requirements and characteristics of a good table , Requirements and Charac...

Requirements and Characteristics of a good table In the words  of Mr. Harry Jerome a good statistical table  is a triumph of ingenuity and  technique masterpiece of economy  o

Linear programing problems, basic requirements for solving linear programin...

basic requirements for solving linear programing using simplex method

Short question, write down any two assumption of L.P

write down any two assumption of L.P

LINEAR PROGRAMMING, b. A paper mill produces two grades of paper viz., X an...

b. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pape

Lpp linear programming problems exercise, Exercise Define the t...

Exercise Define the terms used in LPP. Mention the advantages of LPP. What are the assumptions and limitations of LPP? A firm produces three pro

Important of probability - probability distributioin , Important of Probabi...

Important of Probability The  various practical applications  of the  theory  of probability are: a.The fundamental  laws of statistic viz   the law  of statistical regular

Write Your Message!

Captcha
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