Correlation is the manner by which one variable changes as the other variable changes. A correlation is a relationship
between two things like smoking and lung malignancy. In manufacturing there are connections between numerous things.
For instance in man
What results in your departments seem to be correlated or related (either causal or not) to other
activities? How could you verify this? What are the managerial implications of a correlation
between these variables?
Correlation is how one variable changes
Correlation answers the question if two variables are related. Correlation questions are more
about significant relationship but not significant differences. Our text (2013) states,
As a point of departure in the correlation discussion, establishing that
Correlation is a measurement that indicates the extent to which two or more variables fluctuate together. In other words, it
tells us the strength of the relationship and the direction either positive or negative sign. Correlation does not imply
Instructor and class,
There is an abundant amount of data to be considered when dealing with warehouse efficiencies. One thing that we
need to be cautious of when producing our numbers is not only the integrity of the information, but also whether or not
Correlation is when one variable changes as the other variable changes, requires a hypothesis of
2013). Threecorrelation procedures that respond to the hypothesis of association are the Pear
son Correlation, the point-bacterial correl
Correlations reflects the association between variables. They are usually expressed in terms of magnitude and direction
(Tanner and Youssef-Morgan, 2013).
A correlation that could take place in my workplace is the number of times a salesman takes a compan
Correlation is described as two variables and their relationship they both have while each of them
change. Within my department, and since I am a contractor working on becoming a civilian, this is
the example that I will use. With the old pay system, not
A correlation is a relationship between two or more variables. When one variable changes, it has a positive or negative
impact on another variable. There are many correlations in my line of work. We look into sales ads to determine what is the
As the level of one variable changes, the level of the other variable changes correspondingly (Tanner, 2013). Correlation
can be found in a number of results as long as both measures contain some of the same information. Some results in my
section that se
A correlation is the relationship between two variables. As one variable changes, the degree to
which the second variable changes defines the strength of the correlation. Managers are
interested in correlations when looking at all aspects of the business
In criminal justice, the curvilinear relationship between age and crime is one of the most consistent findings in criminology,
and it has been referred to as a resilient empirical regularity (Brame & Piquero, 2003, p. 107). The age-crime curve is
Correlation is a concept that transcends statistical analysis, and even business. Correlation
reflects the association between variables (Tanner, 2013). We can say that this can also be
viewed to the degree as to which one variable can change as the other
The Role of Data & Analytics Today
Data driven analytics is knowledge. Its important that people make fact based
decisions. Analytics helps us to answer questions. Its the use of data to gain insight and acts on
complex issues. Collecting data and storing
What is a hypothesis test?
From our readings this week I have learned that the hypothesis test is utilized in statistics in
order determine the probability of a given hypothesis can actually be found to be true.
All results of statistical tests are covere
Data has the potential to inform business decisions as well as the added benefit of providing insight into lack of
competencies within an organization. In my discussion one example, I used the monitoring of efficiencies on the picking
team and how the dat
A one-tailed test is one for which the direction of the difference between means (positive or
negative) is predicted, which allows for greater rejection region in that one tail of the
distribution (Tanner, 2013).
A z test will help with differentiating t
As the video explained analytics is a form of ollecting information and data in order to provide information on subjects.
Gathering this informations allows for growth, making informed decisions and necessary changes. I previously was a
manger at a collec
Variation exists in virtually all parts of our lives. We often see variation in results in what we spend (utility costs each month, food costs,
business supplies, etc.). Consider the measures and data you use (in either your personal or job activities).
Instructor and class,
Hypothesis testing pertains to the significance of the results achieved through statistical
analysis. As stated by Tanner & Youssef-Morgan, In statistical testing, two predictions cover all
possible outcomes. Either the results will
Considering my all electric home uses more utilities during the summer months than the winter months my electric bill
varies. The t-test and z-score test is often used to measure variables. My household budget is important currently and over
a period of t
Analytics is a use of data and statistical analysis in which can provide usefully information not
only at home but work as well. Recently my wife started a job where she has to inspect
nutritional data for daycares for the USDA and she was talking about t
The measurements that my department keeps track of are things like time spent for inspecting a widget,
costs of replacement parts for widgets, and training statuses of the personnel that fix those widgets. I
believe these to be descriptive data being that
Using variation is very important in my line of work. I spoke in one of my earlier posts about how using probability to
establish a work schedule is important. I said that Id determine the schedule and the manpower needed to work on the
equipment that nee
A statistical hypothesis is an assumption about a population parameter. The hypothesis test
examines two opposing hypotheses about a population. The null and alternative hypothesizes.
The null hypothesis is the statement being tested and usually is a stat
Z tests can help distinguish if outcomes for cost of any bill or earnings in your home are by
chance or due to random chance, something that occurred by chance, or justifiable reasons. I
will use the example of grocery bill for our home.
Descriptive data summarizes the characteristics of a group from a population while, inferential data summarizes the
characteristics of the population from which the group was taken (Tanner, Youssef-Morgan, 2013). As the manager of a
business company, my d
Within my department lies fuel supply. Fuel supply is in charge of making sure that we have enough fuel available for
delivery. We look at numbers in the form of fuel gallons each day to determine how much fuel may need to be ordered, how
much fuel we can
A hypothesis for statistics is a form of interpreting data to analyze it and make assumptions based
on the results. In 2013, Tanner according to the text describes two forms of hypotheses null,
which predicts a non-significant role and a
This week we were asked what measures do your department keep track of and are they descriptive or inferential data and
what the difference between descriptive and inferential data.
The type of measures my department uses to keep track is the cash flow an