Question
Choose TWO variables that you feel are correlated and explain why you feel that they are correlated. Do you suspect the relation is positive or
Choose TWO variables that you feel are correlated and explain why you feel that they are correlated. Do you suspect the relation is positive or negative? Why? Which would be considered the independent variable, which the dependent variable? Why?
Run a regression analysis in Exceland provide the results in your post along with your raw data. Looking at the R2value, explain what this indicates about the strength of the relation. Then write out your Regression Equation, state if your p-value and conclusion.
The variable chosen are price and mpg(city):
Car Price | MPG (city) |
$27,200 | 25 |
$28,070 | 26 |
$26,525 | 27 |
$43,300 | 23 |
$39,300 | 22 |
$25,900 | 24 |
$43,300 | 19 |
$41,800 | 20 |
$38,600 | 22 |
$50,200 | 21 |
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