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We find the correlation coefficient and plot the scatter plot using excel as follows:
Time in Waiting Room
Heart Rate
1
-0.544180095
The correlation coefficient tells us that there is negative correlation between the heart rate and waiting time. It also tells us that the relationship is moderate.
But when we observe the scatter plot we get one more thing that the relationship is near linear, this information we cannot get from correlation coefficient.
Least squares method
frequency distribution
uses of time series with example
An audit of the accounting records of Loch Ness Ltd. for the year ending 30 June 2012 discovered that the ending inventory balance was over-valued by $35,000. Upon further investig
Limitation of time series analysis
I want as much information about moderate negative correlation.
What according to you are the biggest challenges of moving to IFRS? Manager 1: Well, there are going to be a lot of changes. IFRS is known to be more principle based than the
Mention the characteristics of Statistics. Explain any two applications of Statistics.
example for pure and impure spectrum
Company statistics is the technology of good selection in the face of concern and is used in many professions such as financial statistics, econometrics, auditing, generation and f
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