As an example, assume you have two variables: height and age. You are interested in which is the independent variable and which is the dependent variable. Ask this question: Is height dependent ...

A random variable has a set of values and any of those values could be the resulting outcome as seen in the example of the dice. Random variables can be assigned in the corporate world to ...

Classifying a variable as a particular type of data is important when considering how to present the data. Data can be presented in a number of ways, which depends on the type of variable and the ...

Presenter 1: As the independent variable on the x axis increases, so does the dependent variable on the y axis. Presenter 2: A conclusion sums up what has been found in our investigation.

An example from Neter, Wasserman, and Kutner (1990 ... He believes that the type of firm may affect this relationship and suspects that there may be some interaction between the size and type of firm.

ECONOMISTS develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “What Are Economic Models,” F&D, ...