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Business Statistics
Business Statistics
Analysis of correlation
Analysis of correlations
goals Goals No of matches No of hours Shouts on goals Fouls committed 1 0.564768892 0.624240881 0.823874261 0.685665471 no of matches 1 0.97226472 no of hours Shouts on goals fouls committed
1 1 0.742922301 1
Explanation: In the above table we can see that we have one dependent variable and four independent variable. Goals are dependent variable which depends on number of matches. If the number of matches increase or decrease goals is also increase or decrease= 56% this value shows that there is multiple strongly relation between both variables.
Chart Title
18 16 14 12 10 8 6 4 2 0 0 10 20 30 40 50 60
Axis Title
goals no of matches
The relationship between number of hours and goals is 62% which indicating that the relationship between in these variables is multiple strongly. Number of goals also depends on the number of hours in which the player performs.
Chart Title
25 20 15 10 5 0 0 10 20 goals 30 no of hours 40 50 60
In the above table we can see that the relationship between shouts on goals and goals is 82% .which indicating that the relationship between in these variables is strongly. This relationship between in these variables shows that if the shouts on goals increase the number of goals also increases.
25
20
15 goals 10 no of hours
0 0 10 20 30 40 50 60
The relationship between goals and fouls committed is 68% .which is showing that the relationship between in these variables is midly strongly.
Hypothesis testing
Scenario: 1
we have gotten the
Test Statistic:
T48, 0.01 = 2.408 If t calculated value is < 2.408 then we will reject Ho otherwise dont reject.
Conclusion: T calculated value 4.682 > 2.408 which indicating that we dont reject Ho .the result is significant .the relationship between goals and number of matches is strongly
scenario:2
We have gotten the
actually on population bases or not. Ho: = 0 H1: < 0 T48, 0.01 =2.408 If t calculated value is < 2.408 then we will reject Ho otherwise dont reject.
T cal = 5.474
Conclusion: Value = 5.474, so it is > 2.408, which, means we reject Ho. This result is significant and its is showing that the relationship between goal and number of hours is multiple strongly positive and we are 62% confident that we shuffle a sample again and again every time we get same answer from the data and there are only 38% chances that we get any other result and that is because of other variables. Scenario:3
We have gotten the
=
t = 9.925
Conclusion:
Value = t = 9.925, so it is > 1.677, which, means Ho is rejected. This result is showing that the relation on the base of sample data exists in the population as well. It means that there
is strong positive correlation between Goals and shouts on goals. More over we can say that we are 82% confident that weather anyone else select a sample or we shuffle a sample again and again
every time we get same answer from the data and there are only 18% chances that we get any other result and that is because of other variables.
Scanario4:
We have gotten the = so now we want to check that whether tH1s relation
T48, 0.025=2.011
If t calculated value is t > 2.011 then we will reject Ho otherwise dont reject.
=
t=
t = 6.428
Conclusion: Value = 6.428, so it is > 2.011, which, means we reject Ho.. It means that there is mildly strong positive correlation between Goals and FC. So, we can say that we are 68% confident that weather anyone else select a sample or we shuffle a sample again and again every time we get same answer from the data and there are only 32% chances that we get any other result and that is because of other variables.
Regression analysis
Intercept no of matches no of hours Shouts on goals fouls commuted Coefficients 0.506368268 -0.021446454 0.020131969 0.371597207 0.093270987 Standard Error 0.653598146 0.333437264 0.282616273 0.076729382 0.074623163 t Stat P-value 0.77473945 0.4425456 -0.064319308 0.94900086 0.07123429 0.94352694 4.84295844 1.5489E-05 1.249893245 0.21779996
= a + (b1*X1) + (b2*X2) + (b3*X3) + (b4*X4) = -0.5063 + (- 0.021446*X1) + 0.0201*X2 + 0.371X3 + 0.0932X4 Explanation:
in the above equation we have one dependent variable Goals which is denoted by Y and independent variable which are denoted by X. in this equation a is called intercept and fixed value.
HYPOTHESIS
t Stat P-value 0.77473945 0.4425456 -0.064319308 0.94900086 0.07123429 0.94352694 4.84295844 1.5489E-05 1.249893245 0.21779996
H o : o 0 H1 : 1 0
P- Value P < .05 We reject Ho if p value will be less than .05 P = .09 T cal>t tab
We dont reject Ho because p value is greater than .05 so we can say that the result is significant and it is applicable on population. and it is showing that we are 56% confident the relationship between Goals and number of matches is strong positive correlation. Scenario:2
H o : o 0 H1 : 1 0
P- Value P < .05
We reject Ho if p value will be less than .05 P = 0.94 T cal > t tab
Conclusion: We dont reject Ho because p=0.94 is greater than .05 so the result is not significant and is not applicable on population.
Scenario: 3
H o : o 0 H1 : 1 0
P- Value P < .05
We reject Ho if p value will be less than .05 P = 1.54 T cal > t tab
Value p = 1.54, so it is > 0.05, which, means Ho is not rejected. This result is not significant and we can say that sample result is not applicable on population
Scenario:4
H o : o 0 H1 : 1 0
P- Value P < .05
We P = 0.21
reject
Ho
if
value
will
be
less
than
.05
P calculated value is greater than .05 so we do not reject Ho the result is insignificance and it is not applicable on population
Coefficient of Determination: