Quantitative Methods

Correlation: Introduction to Relationships

In the last lesson, you learned about the Two-way Chi-square Test for Independence. Using it, you can determine if two categorical variables are independent. If two variables are not independent, they are related. Knowing something about one variable can tell you something about the other variable. In this lesson, you will explore further this idea …

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Correlation and Chi-square Tests for Independence

The word “correlate” has several meanings, e.g. “If two or more facts, numbers, etc. correlate or are correlated, there is a relationship between them” (Cambridge Dictionary, n.d.) And “to show that a close connection exists between (two or more things)” (Merriam-Webster, 2019)  Also, “to show that two things are connected.” (Macmillan, n.d.) In statistics, we often …

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“Easy” Excel Inverse Triangular Distribution for Monte Carlo Simulations Redux

Back in the dark ages when access to computers was not all that common, I was faced with developing a project schedule for, to me, a complex construction project. I was not that long out of school, so I sought out my boss with the hope he would give me some guidance on how to …

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Plotting lines given points and equations

If you need to find the equation of a line or its plot and you are given just two points, e.g. (5,5)(9,9), the best way to get the right answer is to use the WolframAlpha calculator at this page: https://www.wolframalpha.com/input/?i=line+through+(5,5)+and+(9,9) If you are given the equation of a line and you need to plot it, …

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