Statistics & Research Methodology Assignment no.01 Correlation and Regression 1.

Collect a sample of size 25 (Minimum) on two variables X and Y, where Y is a dependent variable and X as an independent variable.. 2. Draw a scatter diagram and comment on the nature of relationship between the variables X and Y. 3. Find mean, standard deviation, of variables X and Y. 4. Find the value of covariance between the two variables X and Y. 5. Find the value of correlation coefficient between the two variables X and Y. Comment on the basis of this value. 6. Find the regression coefficient of Y on X. 7. Find the linear regression equation of Y on X. 8. Also find the equation of X on Y. 9. Plot this equation on the graph of scatter diagram. 10. 11. Estimate the value of Y for a given value of Variable X. What is the utility of the concept of regression and correlation?