COMMERCE 3MA3 Chapter Notes - Chapter 14: Pearson Product-Moment Correlation Coefficient, Coefficient Of Determination, Statistical Hypothesis Testing

• School: McMaster University
• Department: Commerce
• Course: COMMERCE 3MA3
• Professor: Mohammad Hossein Tajvarpour

Document Summary

Chapter 14: statistical tests of relation and difference. Bivariate techniques: statistical methods of analyzing the relationship between two variables. Multivariate techniques: statistical methods of analyzing the relationship using more than two variables. Chi-square test of independence: a statistical test to determine whether or not two nominal variables are unrelated (independent) to each other. A statistical technique used to determine whether two nominal variables (categories) are independent or not independent that is, whether they are related. As the p -value is less than 0. 05, we can conclude with a 95 percent level of (cid:272)o(cid:374) dence that gender and having a landline telephone are not independent, which is our ha . What this means is that (cid:449)e (cid:272)a(cid:374) (cid:271)e (cid:1013)5 per(cid:272)e(cid:374)t (cid:272)o(cid:374) dent that if we collected data from the entire population, (cid:449)e are likely to nd a relation between a person"s ge(cid:374)der a(cid:374)d their likelihood of ha(cid:448)i(cid:374)g a la(cid:374)dli(cid:374)e telephone.