The Airline Passenger Association studied the relationship between the number of passengers on a particular flight and the cost of the flight. It seems logical that more passengers on the flight will result in more weight and more luaggage, which in turn will result in higher fuel costs. For a sample of 13 flights, the correlation between the number of passengers and total fuel cost was .37. Is it reasonable to conclude that there is positive association in the population between the two variables? H0: p≤0 Ha: p >0 Use the 5% significant level, what is the p-value?____________ What is your decision regarding H0 or the hull hypothesis? Reject or Do not Reject______________ Draw a conclusion. Specifically, what does this indicate about the question
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.
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The Airline Passenger Association studied the relationship between the number of passengers on a particular flight and the cost of the flight. It seems logical that more passengers on the flight will result in more weight and more luaggage, which in turn will result in higher fuel costs. For a sample of 13 flights, the
correlation between the number of passengers and total fuel cost was .37. Is it reasonable to conclude that there is positive association in the population between the two variables?
H0: p≤0
Ha: p >0
Use the 5% significant level, what is the p-value?____________
What is your decision regarding H0 or the hull hypothesis? Reject or Do not Reject______________
Draw a conclusion. Specifically, what does this indicate about the question?
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