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

PERT, how does it work

how does it work

Data collection procedure, A series of questionnaire for Delphi were mailed...

A series of questionnaire for Delphi were mailed to the selected experts who meet the criteria that mention in above. The overall purpose of the Delphi technique was to achieve the

Cgj, application&techniques

application&techniques

Complexity - necessity of operations research, In a big industry the numbe...

In a big industry the numbers of factors influencing a decision have increased situation has become big and complex because these factors interact with each other in complica

Cross cultural communication in the workplace, This assignment requires you...

This assignment requires you to carry out the first part of a research project on the topic of "Cross cultural communication in the workplace". You can take any approach to this to

Analyse the average number and mean number, Consider the closed network of ...

Consider the closed network of the following figure. The number at the arrows give the transition probabilities for a customer leaving the queue to route to a subsequent queue. Eve

Assignment, Six Operators are to be assigned to five jobs with the cost of ...

Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment

Analyzing marketing problems and cases , Cases are generally based on certa...

Cases are generally based on certain issues and problems. Diagnostic, analytical and decision making skills help in case solution. A case study or case based assessment is designed

1, A paper mill produces two grades of paper viz., X and Y. Because of raw ...

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 paper i

Construction procedure for research tool, CONSTRUCTION PROCEDURE The c...

CONSTRUCTION PROCEDURE The construction of an interview schedule or questionnaire is a time consuming task requiring considerable attention to all the details. The investig

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