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Questions:
1. For the following scatter plot, what would be your best estimate of the correlation coefficient?
2. Discuss which statistical tests to apply for different types of data and how to interpret the results.
3. Nonparametric statistical techniques are based on fewer assumptions about the population and the parameters compared to parametric statistical techniques. Discuss this statement with suitable examples and supportive references.
Answers:
1. Scatterplot: The scatterplot is a way to represent the visual relationship between two quantitative variables, the visual representation indicates the strength of relationship between the variables or how they are associated. The one variable can be considered as explanatory variable and another variable can be considered as the response variable. Read More.
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