A snack bag of potato chips is advertised as weighing 1.5 ounces.t Suppose a bag of potato chips is selected at random from a snack pack and weighs 1.526 ounces. (a) Compute the absolute error. (Simplify your answer completely.) AE = Interpret the result. O The advertised weight was this many ounces off of the random sample's weight. O The advertised weight is incorrect this proportion of the time. O The advertised weight has this much percent error with the random sample's weight. O The advertised weight was off by this much relative to the random sample's weight. O This is the average weight of a single potato chip. (b) Compute the relative error. Round to three decimal places. (Simplify your answer completely.) RE = Interpret the result. O The advertised weight was this many ounces off of the random sample's weight. O The advertised weight is incorrect this proportion of the time. O The advertised weight has this much percent error with the random sample's weight. O The advertised weight was off by this much relative to the random sample's weight. O This is the average weight of a single potato chip.
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
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