Scatter plot correlation3/13/2024 Here’s another example: if we collected data on home purchases in a certain area, and noted both the sale price of the house and the annual household income of the purchaser, we might expect a relationship between those two. In our exam example, it is appropriate to say that the score on the final depends on the score on the midterm, rather than the other way around: if the midterm depended on the final, then we’d need to know the final score first, which doesn’t make sense. Relationships Between Quantitative Datasetsīefore we can evaluate a relationship between two datasets, we must first decide if we feel that one might depend on the other. First, though, we need to lay some graphical groundwork. The statistical method of regression can find a formula that does the best job of predicting a score on the final exam based on the student’s score on the midterm, as well as give a measure of the confidence of that prediction! In this section, we’ll discover how to use regression to make these predictions. A student with a really good grade on the midterm might be overconfident going into the final, and as a result doesn’t prepare adequately. Of course, that relationship isn’t set in stone a student’s performance on a midterm exam doesn’t cement their performance on the final! A student might use a poor result on the midterm as motivation to study more for the final. Similarly, if a student did poorly on the midterm, they probably also did poorly on the final exam. It seems reasonable to expect that there is a relationship between those two datasets: If a student did well on the midterm, they were probably more likely to do well on the final than the average student. For example, a student who wants to know how well they can expect to score on an upcoming final exam may consider reviewing the data on midterm and final exam scores for students who have previously taken the class. One of the most powerful tools statistics gives us is the ability to explore relationships between two datasets containing quantitative values, and then use that relationship to make predictions.
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