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Department Mechanical Engineering Class, Class Code and Section Subject Assignment Name ASSIGNMENT Submitted To Date of Submission
Department Mechanical Engineering Class, Class Code and Section Subject Assignment Name ASSIGNMENT Submitted To Date of Submission
ASSIGNMENT 2
Date of submission
Scatter Plot
A scatter plot is a chart type that is normally used to observe and visually
display the relationship between variables. The values of the variables are
represented by dots.
DATA:
X= SPEED IN 30 50 40 55 30 25 60 25 50 55
MILES PER
HOUR
Y= MILLEAGE 28 25 25 23 30 32 21 35 26 25
IN MILES PER
GALLON
Trend In Data:
A “trend” is an upwards or downwards shift in a data set over time. In
economics, “trend analysis” usually refers to analysis on past trends in market
trading; it allows you to predict what might happen to the market in the
future. It might, for instance, be used to predict a trend such as a bull market
run. No trend in data above
CORRELATION COEFFICIENT:
The correlation coefficient is a statistical measure of the strength of the
relationship between the relative movements of two variables
COEFFICEINT OF DETERMINATION:
Nature between X and Y:
R2-value measures the percentage of variation in the values of the dependent
variable that can be explained by the variation in the independent variable X.
As the value of r2 increases, one can place more confidence in the predictive
value of the regression line. Particularly when there are many data points used
to generate a regression, a regression may be significant but have a very low
r2 , indicating that little of the variation in the dependent variable can be
explained by variation in the independent variable.