Download the data set ToyotaCorolla.jmp Download ToyotaCorolla.jmp, open in JMP, Pro, and use the steps Analyze>Multivariate Methods>Multivariate
Question:
Download the data set ToyotaCorolla.jmp Download ToyotaCorolla.jmp, open in JMP, Pro, and use the steps "Analyze>Multivariate Methods>Multivariate" in JMP to launch the platform "Multivariate and Correlations".
Select the variables Price, Age, KM (kilometers), HP, CC, Quarterly_Tax, Weight, and Guarantee_Period. Cast the selected variables to the field "Y Columns" (click the button next to the field).
At this step, you can practice reporting options: Select the scatter plot copy and paste it to a word document (you will not submit this word document).
Which of the following pairs are more likely correlated? (3 correct answers)
Hint: You may want to review the Correlation document (Links to an external site.) in JMP learning library. See also https://www.jmp.com/en_us/statistics-knowledge-portal/what-is-correlation/correlation-coefficient.html (Links to an external site.)
You may want to focus on correlation coefficients closer to 1 or -1
- The closer the coefficient to zero, the weaker the linear relationship between variables
- The closer the coefficient to 1, the stronger the positive linear relationship between variables
- The closer the coefficient to -1, the stronger the negative linear relationship between variables
Group of answer choices
Quarterly Tax and KM
Weight and Quarterly Tax
KM and Price
Quarterly Tax and Age
Age and Price