Question
1 ) how the coefficient of correlation and coefficient of determination apply to analyzing the relationship in a business analysis. 2)Discuss each of the components
1 ) how the coefficient of correlation and coefficient of determination apply to analyzing the relationship in a business analysis.
2)Discuss each of the components in the regression equation: Y prime, intercept, slope, and the independent variable x, as they relate to making business predictions
3)the pros and cons of the using the variance and the standard deviation in their usefulness in data interpretation.
4) Discuss the use of the standard deviation in Chebyshev's theorem, the Empirical rule, Pearson's coefficient of skewness and the coefficient of variation.
5)after you have calculated a standard deviation, discuss its meaning.
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