Question: Hello, Correlation is used to discover relationships between variables. Evaluate the correlation between the variables in DATA. What is the correlation? variable1 -1.60263 5.13511 6.36533

Hello,

Correlation is used to discover relationships between variables. Evaluate the

correlation

between the variables in DATA. What is the correlation?

variable1 -1.60263 5.13511 6.36533 5.62218 -2.19935 6.44037 7.53576 6.84911 -0.96507 -7.97987 7.71148 8.00414 -1.84249 -6.64529 3.52281 6.12823 -8.02429 1.93739 1.60250 9.59542 0.97873 7.61991 6.35683 4.60624

variable2 6.66630 22.39796 48.04439 33.73949 13.13368 34.07411 57.43268 46.18391 2.31758 66.45126 60.12220 69.34776 -8.58487 35.44469 15.81326 42.51683 63.53322 10.39306 -1.67370 92.44574 -2.22144 66.59948 35.62167 15.37388

a) 0.984 (Is this correct?)

b) -0,991

c) -0.008

d) 0.310

e) None of the answers are correct

25) Animportant application for regression in manufacturing is the estimation of cost of production.Based on DATA from Ajax Widgets relating cost (y) to volume (x), what is the cost per widget?

Production Volume (units) 400 450 550 600 700 750 425 475 575 625 725 775

Total Cost ($) 5424 5657 5759 7294 7583 8603 5311 6093 6662 7380 7784 8588

8.21

8.75

7.38-This is the answer I came up with

None

7.54

27)Animportant application for regression in manufacturing is the estimation of cost of production.Based on DATA from Ajax Widgets relating cost (y) to volume (x), what is the cost of producing 600 widgets

Production Volume (units) 400 450 550 600 700 750 425 475 575 625 725 775

Total Cost ($) 3430 4080 4878 4884 5913 6402 4273 4362 5089 5446 6017 6591

None

6312

5206-This is the answer I came up with

6954

5862

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

1) Correlation is used to discover relationships between variables. Evaluate the correlation between the variables in the below data. What is the correlation? See multiple choice answers below....

Correlation is used to discover relationships between variables. Evaluate the correlation between the variables in DATA. What is the correlation (round to 3 decimal digits)? a) 0.984 b) -0.991...

Correlation is used to discover relationships between variables. Evaluate the correlation between the variables in DATA below. What is the correlation (round to 3 decimal digits)? Data variable1...

#21, A sales region has been divided into five territories, each of which was believed to have equal sales volume. The actual sales volume for several sampled days is logged in DATA. At x = 0.05, do...

ANOVA 15.National Bearings manufacturers bearings at plants located in Portland Oregon, Houston Texas, and Jacksonville Florida. To measure employees knowledge of Total Quality Management(TQM), six...

(1) An Air Quality instrument logs 0 when standards are not met and 1 when standards are met. The log is saved to file DATA. First, compute the proportion meeting standards as the mean of Air Quality...

Please show excel formulas for the below calculations Question 21: Chi-square Goodness of Fit DATA: Territory A B C D E Sales Volume 110 140 90 106 100 A sales region has been divided into five...

variable1 variable2 -1.60263 6.66630 5.13511 22.39796 6.36533 48.04439 5.62218 33.73949 -2.19935 13.13368 6.44037 34.07411 7.53576 57.43268 6.84911 46.18391 -0.96507 2.31758 -7.97987 66.45126 7.71148...

I'd like to check my work. I'm attaching a snippit of the question, along with the DATA points on the right hand side. Thank you. Scatter plots are used to discover relationships between variables....

Each of the three molecules shown here contains an OH group, but one molecule acts as a base, one as an acid, and the third is neither acid nor base. (a) Which one acts as a base? Why does only this...

Based on the following information, compute cash flows from financing activities. Purchase of short-term investments ..... $500 Dividends paid .............. 900 Interest paid .............. 300...

A company sells 1 million shares of common stock with no par value for $ 1 5 a share. In recording the transaction, it would debit:

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...