Question
Question:hey tutors, happy Thanksgiving!! please help me answer my following questions. Question #1) Scatter plots are used to discover relationships between variables. Using the corresponding
Question:hey tutors, happy Thanksgiving!! please help me answer my following questions.
Question #1) Scatter plots are used to discover relationships between variables. Using the corresponding measurements of variable 1 and variable 2 in DATA below, plot variable 1 vs. variable 2 and describe the correlation between variable 1 and variable 2.
Variable 1 Variable 2
5.92418 16.01040
-2.15342 6.90096
-5.68710 3.20965
-2.35173 8.11837
9.13267 20.86393
8.84593 17.88436
0.60205 11.33976
4.30225 13.72104
-9.69073 0.22652
-6.81619 2.88607
7.00841 14.48358
4.48845 15.56499
3.06470 11.36857
-9.46731 1.14076
1.54090 12.95229
-4.20144 5.79307
6.11798 15.91570
9.94412 16.96745
1.32124 10.86254
-7.69106 1.10462
5.89874 15.93450
-0.72913 10.47150
8.39173 17.99690
-9.46846 0.72233
Question #2) correlation is used to discover relationships between variables. Evaluate the correlation between the variable in DATA belwo. what is the correlation?
variable 1 variable 2
-0.21582 0.89369
0.56997 - 0.72620
-0.54850 -0.09185
-0.12385 0.50086
0.06975 -0.73607
0.16327 0.88498
-0.72595 -0.27512
0.22500 0.62647
-0.40463 0.92432
0.67652 0.56368
-0.82322 0.73005
0.06747 -0.74824
0.74055 0.79412
-0.71577 -0.04509
-0.82231 -0.70951
-0.47603 0.01573
0.58094 0.51169
-0.58573 0.10376
0.19003 -0.90089
-0.49528 0.04767
0.93083 -0.16886
0.61389 -0.65529
-0.91742 0.25296
-0.60957 -0.24747
Question #3) You are required to setup a predictive equation involving variable 1 and variable 2. first, you plot the DATA below to determine if linear regression applies. you decide,
variable 1 variable 2
-0.21582 0.89369
0.56997 -0.72620
-0.54850 -0.09185
-0.12385 0.50086
0.06975 -0.73607
0.16327 0.88498
-0.72595 -0.27512
0.22500 0.62647
-0.40463 0.92432
0.67652 0.56368
-0.82322 0.73005
0.06747 -0.74824
0.74055 0.79412
-0.71577 -0.04509
-0.82231 -0.70951
-0.47603 0.01573
0.58094 0.51169
-0.58573 0.10376
0.19003 -0.90089
-0.49528 0.04767
0.93083 -0.16886
0.61389 -0.65529
-0.91742 0.25296
-0.60957 -0.24747
Question #4) An important application of regression in manufacturing is the estimation of cost of production. Based on the DATA below from AJAX Widgets relating cost (Y) to volume (x), what is the cost of producing 600 WIDGETS?
Production Volume (units) Total Cost ($)
400 3430
450 4080
550 4878
600 4884
700 5913
750 6402
425 4273
475 4362
575 5089
625 5446
725 6017
775 6591
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started