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QMI1500-ELEMENTARY QUANTITATIVE METHODS EXAM 4 QUESTIONS AND ANSWERS 2025

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QMI1500-ELEMENTARY QUANTITATIVE METHODS EXAM 4 QUESTIONS AND ANSWERS 2025

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QMI1500-ELEMENTARY QUANTITATIVE METHODS
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QMI1500-ELEMENTARY QUANTITATIVE METHODS









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Institution
QMI1500-ELEMENTARY QUANTITATIVE METHODS
Course
QMI1500-ELEMENTARY QUANTITATIVE METHODS

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Uploaded on
June 16, 2025
Number of pages
6
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • qmi1500
  • qmi1500
  • qmi

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QMI1500-ELEMENTARY
QUANTITATIVE METHODS
EXAM 4
Non-linear (or Curvilinear) correlation
Pattern of dots is curved, not in a straight line (relationships aren't a straight line)




Linear Correlation
Describes a situation where the pattern of dots falls roughly in a straight line




No correlation
As X increases, Y doesn't change consistently (no systematic pattern)

, Positive correlation
As X increases, Y also increases (pattern of dots go up from left to right)




Negative correlation
As X increases, Y decreases (pattern of dots go down from left to right)




correlation is zero
- No correlation: r = 0
- Zero represents no correlation (meaning no relationship)
- that there is no relationship between the two variables
- no linear correlation
***Know how to calculate a correlation coefficient
r=EZxZy/N
When do we have a positive correlation and when do we have a negative correlation

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