Preview Questions:
- How can you use a scatter diagram to visually estimate the degree of linear correlation of two random variables?
- How do you compute the correlation coefficient and what does it tell you about the strength of the linear relationship between two random variables?
- make a scatter diagram (scatter plot).
- visually estimate the location of the "best-fitting" line for a scatter diagram.
- use sample data to compute the sample correlation coefficient r.
- investigate the meaning of the correlation coefficient r.
Class Activities for January 23:
Class discussion of the sample correlation coefficient, r.
Guided Practice: Is there a relationship between the number of cars in a Rental Car Company's fleet and the annual income of the company?
Skills Practice 4.1A due Wednesday
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