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    Quantitative Reasoning Example Problem

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    1. When using linear regression analysis what are we attempting to measure? Explain how this measurement can help in a business decision.

    2. Go to the following website and participate in the interactive problems on Histograms and then post feedback.

    http://www.cals.ncsu.edu/gn/ex/samphist.html

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    Solution Preview

    Linear regression measures how two (or more if done several times) variables correlate. How close is the relationship of the variables in a linear line? This can be positive or negative correlation and it is very important to understand the variables and if they affect each other and if they do, how much and in which direction.

    When making a business decision, the linear regression and the information about the correlation can help a person decide if there is any affect on one thing in the business ...

    Solution Summary

    This solution provides assistance with a quantitative reasoning problem.

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