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stats and proba
correl analysis
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Cards (8)
UNIVARIATE
DATA
➢ Measures only
one
variable
➢ Find a central value using
mean
,
median
and
mode
➢ Find how spread out it is using
range
,
quartiles
and
standard deviation
➢ Make plots like
Bar Graphs
,
Pie Charts
and
Histograms
BIVARIATE
DATA
➢ Measure only
two variables
BIVARIATE
ANALYSIS
➢ Analysis of
bivariate
data
➢ Relationship between
two sets
of
values
3 TYPES OF BIVARIATE ANALYSIS
SCATTER PLOT
➢
Scatter plot
(aka scatter chart, scatter graph)
➢ Uses
dots
to represent values for two different
➢
Positive
linear,
negative
linear,
curvilinear
, or no
relationship
➢ Independent variable: can be
controlled
or
manipulated
➢ Dependent variable: cannot be
controlled
or
manipulated
types of scatter plot
A)
stong positive correlation
B)
moderate positive correlation
C)
no correlation
D)
moderate negative correlation
E)
strong negative correlation
F)
curvilinear relationship
6
CORRELATION
COEFFICIENT
➢ Expresses the extent to which two variables
are
linearly
related (meaning they change together
at a
constant
rate)
➢ Relationships without making a statement
about
cause
and
effect
➢
Pearson
Correlation Coefficient:
degree
of
linear
association/
relationship
between two
variables (at least of interval scale)
Measured by
correlation coefficient
,
denoted by r
REGRESSION ANALYSIS
➢
Statistical
method that establishes the
relationship
➢
Two continuous
(
quantitative
) variables
➢
Independent
Variable
Also known as
predictor
or
explanatory
➢
Dependent
Variable
Outcome
or
predictable
variable