Statistics Questions

Answer the 8 questions below, each question minimum of 100 words. Must be in APA format, please identify the questions on paper. Cannot accept more than 5% plagiarism, it will be submitted to TurnItIn

References: Ken ,Black. (2016). Business Statistic For contemporary Decision Making 9th Edition

Feel free to use more than one reference.

Cannot accept more than 5% of plagiarism

This professor is super annoying and strict, so please be aware of that.

Very very important, make sure you don’t fully reference answers, they must also have examples.

Ch 12 – Simple Regression Analysis and Correlation

1. Provide an example of a correlation analysis from your life (personal or professional) to demonstrate understanding of this quantitative measure.

2. Explain Regression Analysis and give examples

3. Explain the deterministic model and give examples

Ch. 13: Multiple Regression Analysis

4. Multiple regressions possess many assumptions. Describe and detail one key assumption.

5. Explain Least Squares Analysis and give examples

Ch. 18: Statistical Quality Control

6. In your opinion and based on your week 6 reading, what is the role of using research data and statistics for making business decisions in business research?

7. Explain Design for Six Sigma and give examples

8. Explain Failure Mode and Effects Analysis (FMEA) and give examples

Solution Preview

1. Correlation is a measure of the strength of the relationship between two or more variables, and they must be numeric, ranging from -1 to +1. A negative correlation means that as one variable is increasing, the other variable is decreasing. While a positive correlation indicates that both variables are decreasing or increasing in a parallel direction.
A good example can be to test the level of correlation between salary and number of years of experience in an organization.

(1,132 words)