The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is andom sample of 12 used cars sold at the dealership during the last year. Age (years) Selling Price (S000) Car 1 8.1 2 7 6.0 11 3.6 4 12 4.0 5.0 7 10.0 7 8 7.6 11 8.0 9. 10 8.0 10 12 6.0

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Q: Calculate the 30th percentile of the data shown x 2.5 4.4 5.7 7 7.6 8.1 17.8 21.2 23.9 27.8…

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A: $228 $346 $598 $228 $427 $601 $345 $229 $605 $339 $279 $407

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Q: Examine the following data set. 1.3, 2.5, 3.1, 4.2, 5.7, 5.7, 5.7, 6.4, 6.4, 8.9, 8.9, 9.1, 11.7,…

A: We have given the following set of data- 1.3, 2.5, 3.1, 4.2, 5.7, 5.7, 5.7, 6.4, 6.4, 8.9, 8.9, 9.1,…

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Q: 18

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Q: he Gays Love You  Chamber of Business conducted a survey amongst 17 furniture retailers to identify…

A: Given Data : 2.2   4.7   6.3   5.8   5.7   7.2   2.6   2.4   6.1   6.8  2.2   5.7   3.4   6.6   1.8…

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Q: Find the mean and median for each of the two samples, then compare the two sets of results. )A…

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Q: Find the percentile for the data value. Data set:   3   13   10   6   3   3   13   6   3   13   2…

A: Given : Data set:   3   13   10   6   3   3   13   6   3   13   2   13   15   4   9   3   12   10…

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A: observation X Y X.Y X^2 Y^2 1 38 57 2166 1444 3249 2 42 54 2268 1764 2916 3 46 34 1564 2116…

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Correlation

Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

Linear Correlation

A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related. 

Regression Analysis

Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.