Assignment: Inferential Statistics And Analytics- Analysis with Correlation and Regression
Competency
Determine and interpret the linear correlation coefficient, and use linear regression to find a best fit line for a scatter plot of the data and make predictions.
Scenario
According to the U.S. Geological Survey (USGS), the probability of a magnitude 6.7 or greater earthquake in the Greater Bay Area is 63%, about 2 out of 3, in the next 30 years. In April 2008, scientists and engineers released a new earthquake forecast for the State of California called the Uniform California Earthquake Rupture Forecast (UCERF).
As a junior analyst at the USGS, you are tasked to determine whether there is sufficient evidence to support the claim of a linear correlation between the magnitudes and depths from the earthquakes. Your deliverables will be a PowerPoint presentation you will create summarizing your findings and an excel document to show your work.
Concept being Studied
i. Correlation and regression
ii. Creating scatterplots
iii. Constructing and interpreting a Hypothesis Test for Correlation using r as the test statistic
You are given a spreadsheet that contains the following information:
i. Magnitude measured on the Richter scale
ii. Depth in km
Using the spreadsheet, you will answer the problems below in a PowerPoint presentation.
What to Submit
The PowerPoint presentation should answer and explain the following questions based on the spreadsheet provided above.
I. Slide 1: Title slide
II. Slide 2: Introduce your scenario and data set including the variables provided.
III. Slide 3: Construct a scatterplot of the two variables provided in the spreadsheet. Include a description of what you see in the scatterplot.
IV. Slide 4: Find the value of the linear correlation coefficient r and the critical value of r using α = 0.05. Include an explanation on how you found those values.
V. Slide 5: Determine whether there is sufficient evidence to support the claim of a linear correlation between the magnitudes and the depths from the earthquakes. Explain.
VI. Slide 6: Find the regression equation. Let the predictor (x) variable be the magnitude. Identify the slope and the y-intercept within your regression equation.
VII. Slide 7: Is the equation a good model? Explain. What would be the best predicted depth of an earthquake with a magnitude of 2.0? Include the correct units.
VIII. Slide 8: Conclude by recapping your ideas by summarizing the information presented in context of the scenario.
Format your assignment according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
Attachment:- Data.rar