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Exercise On Correlation and Scatter Plot

The document contains instructions for analyzing two datasets. The first dataset includes employee data and asks to find the variable most correlated with salary, create scatterplots of salary versus other variables, and add a trend line and predict salaries. The second dataset involves student exam scores and asks to check for correlation between midterm and final scores with a scatterplot, add a trend line, and use the equation to predict a final score based on a midterm score.

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178 views1 page

Exercise On Correlation and Scatter Plot

The document contains instructions for analyzing two datasets. The first dataset includes employee data and asks to find the variable most correlated with salary, create scatterplots of salary versus other variables, and add a trend line and predict salaries. The second dataset involves student exam scores and asks to check for correlation between midterm and final scores with a scatterplot, add a trend line, and use the equation to predict a final score based on a midterm score.

Uploaded by

BirthdayWishes360
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1. The file P02_07.

xlsx includes data on 204 employees at the (fictional)


company Beta Technologies.
a) Create a table of correlations between the variables Age, Prior Experience,
Beta Experience, Education, and Annual Salary. Which of the first four of
these variables is most highly correlated (in a positive direction) with
Annual Salary?
b) Create scatterplots of Annual Salary (Y axis) versus each of Age, Prior
Experience, Beta Experience, and Education.
c) For the variable from part a most highly correlated with Annual Salary,
create a (linear) trend line in its scatterplot.
d) Predict annual salary on the basis of all the other variables and interpret the
results.

2. The file P02_10.xlsx contains midterm and final exam scores for 96 students
in a corporate finance course.
a) Do the students scores for the two exams tend to go together, so that those
who do poorly on the midterm tend to do poorly on the final, and those who
do well on the midterm tend to do well on the final? Create a scatterplot,
along with a correlation, to answer this question.
b) Superimpose a (linear) trend line on the scatterplot. Form the equation of the
regression line to predict the students scores. Based on this equation, what
would you expect a student with a 75 on the midterm to score on the final
exam?

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