Competency
Determine the linear correlation and regression equation between two variables to make
predictions for the dependent variable.
Project Deliverable tie to Competency
In this assignment, you will demonstrate your understanding of how relationships between two
variables can be analyzed and used to make informed predictions. By interpreting scatter plots,
conducting a hypothesis test for correlation, and constructing the equation of the regression line,
you will gain essential skills in data analysis and prediction. This process not only reinforces key
concepts in statistics but also builds analytical thinking skills that are widely applicable in
real-world contexts.
Student Success Criteria
View the grading rubric for this deliverable by selecting the “This item is graded with a rubric”
link, which is located in the Details & Information pane.
Scenario
Your boss is impressed with your data analysis so far. They are interested in one more
comparison using the data that was collected in module 01. This time, they want to see if there
is a correlation between Yearly Income and Yearly Client Expenditure.
Download the Excel Workbook provided below. Ensure that you use the data provided in the Workbook to make all calculations.
Instructions
The Excel Workbook contains five tabs. The first tab contains the instructions. The second tab,
labeled “data,” contains the raw data that will be used for your calculations. The next three tabs
contain questions for you to answer. Ensure that you are completely answering all questions with
explanations, and your work is shown in Excel when needed.
Submission Requirements
You must submit the Workbook with the completed calculations, answers, and analysis.
Submit your completed assignment by following the directions linked below. Please check
the Course Calendar for specific due dates.
Save your assignment as a Microsoft Excel workbook. (Mac users, please remember to
append the “.xlsx” extension to the filename.)The name of the file should be your first initial
and last name, followed by an underscore and the name of the assignment, and an
underscore and the date. An example is shown below:
The post Connecting the Dots: Regression and Prediction with Two Variables first appeared on Ehomeworker.