There are three modes of transporting material from Boston to Houston: by land (either by highway or railway), seaor air. Half of the materials are transported by land20% by sea, and the rest by air. Also, 60% of all land transportation is by highway and the rest is by rail shipments.Cargo traveling by each mode of transportation has a different probability of being damaged during shipment. The percentages of damaged cargo are as follows: 12% by highway, 3% by rail, 5% by seaand 2% by airIf a damaged cargo is received, what is the probability that it was shipped by sea?
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.
There are three modes of transporting material from Boston to Houston: by land (either by highway or railway), seaor air. Half of the materials are transported by land20% by sea, and the rest by air. Also, 60% of all land transportation is by highway and the rest is by rail shipments.Cargo traveling by each
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