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What does a scatter graph reveal?
The relationship between X and Y (how they affect each other)
How to create a scatter graph in Excel
Highlight all the data of both columns (not the titles), click 'Insert', then 'Scatter', then choose type '1' - it will automatically produce this for you
How to label the axes on a scatter graph in Excel
Click the '+' found at the right side of the scattergraph, then click 'Axes labels', then label them (by double clicking them & typing the names in)
What is the independent variable?
A variable that is the reason why the dependent variable changes
What axis does the independent variable go across?
The X-axis
What is the dependent variable?
The variable that is being measured or tested (to see a correlation)
What axis does the dependent variable go across?
The Y-axis
How to add a regression line to a scatter graph in Excel
Click the scattergraph - on the ribbon, click 'Chart design', then click 'Add Chart Element', then 'Trendline', then 'Linear'
What is correlation?
Shows how two variables are linked (based on how they go up/down with each other)
What is positive correlation?
As one value increases, the other value increases (& vice versa)
How can you see that it is positive correlation?
The regression line goes up diagonally (as the X axis increases, the Y axis increases)
What is negative correlation?
As one value increases, the other value decreases (& vice versa)
How can you see that it is negative correlation?
The regression line goes down diagonally (as the X axis increases, the Y axis decreases)
How can you see that there is little/no correlation
You can't really draw a line at all because the results are dotted all over the place
What is the correlation coefficient?
A number stating the relationship between two variables (between -1.0 & 1.0)
What does a positive correlation coefficient mean?
It is positive
What does a negative correlation coefficient mean?
It is negative
What does 0 mean for the correlation coefficient?
There is no correlation
When is a positive correlation stronger?
It is closer to 1 (it is closer to a perfectly diagonal line)
When is a negative correlation stronger?
It is closer to -1 (it is closer to a perfectly diagonal line)
When is a correlation weaker?
It is closer to 0 (the line is less strong or diagonal)
What type of correlation coefficient are we studying?
Pearson's Product Moment Correlation Coefficient (R)
How to calculate the correlation coefficient using cell referencing
=CORREL(the range of Y, the range of X)
What does a straight line equation help us find?
Results that aren't on the scatter graph (based on the regression line)
How to calculate the straight line equation
y = a + bx
What does the 'a' stand for in a straight line equation?
The Y intercept
What does the Y intercept tell us?
The value of Y when X = 0
How to calculate the Y intercept using cell referencing
=INTERCEPT(the range of Y, the range of X)
What does the 'b' stand for in a straight line equation?
The gradient (slope)
What does the gradient (slope) tell us?
How much Y increases for a unit increase in X
How to calculate the gradient (slope) using cell referencing
=SLOPE(the range of Y, the range of X)
What does the 'x' stand for in a straight line equation?
The independent variable (which you use to multiply by the slope in the regression equation)
What is 'y = a + bx' also known as?
The estimated regression equation
What does it mean when a value is meaningful?
It is a relevant number to the value (it doesn't have significantly more/less figures, it is a minus number etc)
What does it mean when a value is reliable?
When the independent value (X) comes within the range of the lowest to highest data values
What is interpolation?
When you predict a value inside the range of data points
What is extrapolation?
When you predict a value outside the range of data points
What is the correlation of determination (R^2)?
The square of the correlation coefficient
What does the correlation of determination (R^2) show?
How much the variation in the Y value can be explained by the variation in the X value
How to calculate the correlation of determination (R^2)?
Square the correlation coefficient
How to square the correlation coefficient in Excel
=(correlation coefficient^2)
How to find the correlation of determination (R^2) using cell referencing
=RSQ(the range of Y, the range of X)
How is the correlation of determination (R^2) shown?
As a percentage (so you must multiply it by 100 or change it to a percentage on Excel)