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Tag: scatterplot

Calculate and present the 5-Number Summary: minimum, Q1, median, Q3, maximum. Provide both the value of the statistics as well as an analysis of what they mean in terms of understanding the sample.

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Statistics Outline of Material to Present Part 1: Collection of Data – Introduction and Primary Data Analysis (3 – 5 paragraphs): 1. Describe the objective: Before you can examine the data, you must understand the problem. a. Discuss the importance of this issue or situation. b. Introduce the company or organization you are preparing this […]

Explain what R-squared means in the context of this analysis.

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Topic: Real estate Summary Statistics for MAT 240 Real Estate Data (for dataset in Modules 2, 3, and 4) n Mean Median Std. Dev. Min Q1 Q3 Max Listing price ($) 1,000 342,365 318,000 125,914 135,300 265,250 381,600 987,600 Cost per square foot ($) 1,000 169 166 41 71 139 191 344 Square feet 1,000 […]

Describe whether the Pearson correlation coefficient would be a good alternative or should be included in the analysis, and explain why or why not.

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Find a research study that uses scatterplots. In 600 minimum -750 maximum content words (title page, abstract, and references not included in count), respond to the following: Determine what the two variables are in the study. Using the scatterplot and correlation, describe the association between the two variables. Describe whether the Pearson correlation coefficient would […]

Does the association appear to be strong, moderately strong, or weak?Do there appear to be any data points that are unusually far away from the general pattern?

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Business Report – Descriptive Modeling using word and excel When we look at scatterplot, we should be able to describe the association we see between the variables. A quick description of the association in a scatterplot should always include a description of the form, direction, and strength of the association, along with the presence of […]

Provide a detailed critique of the problem based on your selected quality assessment. What are the key contributors to the problem being discussed? What insight regarding the problem was provided to you through the utilization of the selected tool?

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Select a quality issue in any organization or department. What are the significant factors that contribute to the problem? Conduct an assessment of the problem using one of the following tools: Fishbone Diagram Check Sheet Histogram Pareto Chart Flowchart Scatterplot Run Chart Provide a detailed critique of the problem based on your selected quality assessment. […]

Select a quality issue in your organization or department. What are the significant factors that contribute to the problem?

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Select a quality issue in your organization or department. What are the significant factors that contribute to the problem? Conduct an assessment of the problem using one of the following tools: Fishbone Diagram Check Sheet Histogram Pareto Chart Flowchart Scatterplot Run Chart Provide a detailed critique of the problem based on your selected quality assessment. […]

Explain why a person would be wrong to claim, “My correlation coefficient is positive, therefore the two variables are highly correlated.”

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1.A student is analyzing how two variables are correlated: size of committee and “efficiency” of committee. He reports to his friends that he had a correlation coefficient (r) of -0.85. What does the negative sign on the “r” tell us? (Hint: Don’t just say that the relationship is negative – explain what that means!!) 2. […]

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