StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Correlation and Decision Making - Essay Example

Cite this document
Summary
The author of the paper "Correlation and Decision Making" defines correlation as the relationship between two variables. It is represented by a number. “The correlation is one of the most common and most useful statistics.” (Correlation, 2006). …
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
Correlation and Decision Making
Read Text Preview

Extract of sample "Correlation and Decision Making"

“Positive correlation indicates that both variables increase or decrease together.” (Karthik, 2005). A negative correlation means that the changes in the variables are not uniform. In other words, when one variable increases the other decreases, and vice versa.

The correlation between different variable in different cases are analyzed here. This analysis basically relates to the internet subsidies in Public Schools. “Policymakers and analysts have argued that public schools are a natural place to teach underserved populations about computers and increase access to new technology.” (Goolsbee & Guryan, 2003).

Correlation between eligible students and available funding   

The correlation between variable A and variable B of the school lunch program can be seen first. Variable A is the number of students who are eligible for school lunch. Variable B is the amount of funding received by the school. Different types of correlation can occur between these two variables. A positive correlation between the two variables means that adequate funds are received by the school in order to provide lunch for the students at the school. This refers to the proper working of the system. A negative correlation between the two variables means that even though there are adequate numbers of students eligible for lunch, the schools don’t receive the necessary fund for providing the students with proper lunch. The third case is where the correlation between the two variables is minimal. This is rather a neutral case where the condition is that there are no eligible students and funds are not required by the schools.

Correlation between subsidy and age of students

There is a positive, negative, and neutral correlation between the subsidy and the age of students. Here variable A is the impact of subsidy and variable B is the age of students at school. A positive correlation between these two variables means that the subsidy received by the school contains the students who satisfy the eligibility age for it. A negative correlation between these two variables means that even though the schools receive subsidies it does not actually satisfy the age criteria for availing of the benefits. This means that the fund is directed not to the required area. Similarly, a minimal correlation means that the schools don’t satisfy the criteria only to a certain extent and so they are not able to avail the benefits of the subsidy.

Correlation between classrooms and student performance

The intention behind connecting classrooms with the latest internet facility is to ensure better performance of the students. In this case, variable A is the number of classrooms connected to the internet. Variable B is the performance of the students in the test conducted. The correlations between these two variables are very much relevant because the actual results of the spending are understood by this. A positive correlation means that the classrooms are connected with better internet facilities and the students are provided the most modern internet facilities in the classrooms and the performance level of the students is very higher on the test. This shows that the nation has benefited from investment in facilities. A negative correlation means the classrooms are connected to the internet and the students do not show sufficient improvement in their performance. This is a failure. A minimal correlation means that there are neither internet facilities nor better performance of students on the test.

Correlation between comfort level and ability of teachers

Variable A in this case is the comfort level of teachers with the internet. Variable B is the ability of the teachers to make effective use of the internet. A positive correlation between the variables means that the teachers are comfortable with the new internet facilities in the classrooms and they make effective use of the internet. A negative correlation means that teachers are comfortable with the new facilities but still, they are not making effective use of them. If it is negative the real objects cannot be said to be achieved. A minimal relation means that the teachers are not comfortable with the new facilities so they are not making effective use of them. This is also unfavorable for the contributor

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Correlation Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Correlation Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/miscellaneous/1516200-correlation
(Correlation Essay Example | Topics and Well Written Essays - 750 Words)
Correlation Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/miscellaneous/1516200-correlation.
“Correlation Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/miscellaneous/1516200-correlation.
  • Cited: 1 times

CHECK THESE SAMPLES OF Correlation and Decision Making

Investment and Analysis

Let us assume that the two assets have a perfect negative correlation and are in a similar... This is because making investments is all about diversifying in the right manner using the relevant tools.... Topic: Investment and Analysis Name Professor Institution Course Date Modern Portfolio Theory The theory of modern portfolio implies that investor's decision to address market risks is based on the fact that there are different combinations of investments in a portfolio....
4 Pages (1000 words) Essay

Business Decision-Making in Bank

The paper "Business Decision-making in Bank" highlights that the critical path is the path in the activity network that takes the longest route (Institute of Business and Management, 2012).... rom this analysis, the most advisable decision Bank DM executive committee can make is to develop marketing strategies for the other two client categories....
13 Pages (3250 words) Essay

Different approaches to decision-making

On another case, when all the three categories of DIY stores are compared, there is a big difference in terms of sales, showing how the sales may be misleading especially where a major decision making is concerned.... The Company executives assumed a normative framework of decision making.... There are several stakeholders who are responsible for decision making in a company.... In this case, the Company's IT expert and project developers (engineers) are the most integral component of decision making in the IT area....
3 Pages (750 words) Assignment

Consumer Decision Making

This paper "Consumer decision making" conducts an exploratory study of reasons why consumers delay making decisions.... Three of these - task avoidance and unpleasantness, time pressure, and uncertainty have been identified in other decision contexts, while causes related to the difficulty of selecting the best brand and perceived risk of product performance are more specific to consumer decision making.... Delay and procrastination can improve decision making (Janis and Mann, 1977, 17) and be an adaptive reaction to a decision (Taylor, 1979, 43), hut excessive delay can become maladaptive, prolonging a decision so long that it is finally made at the last minute in a slipshod fashion (Lay, 1986, 475, 1988, 203; Solomon and Rothblum, 1984, 505), perhaps so late that the situation requiring the decision becomes moot (Simmons, Klein, and Thornton, 1974, 89)....
7 Pages (1750 words) Research Paper

Quantitative Approaches to Decision Making

The assignment "Quantitative Approaches to decision making" states that Business Intelligence is the term given to the practice of businesses in gathering and extracting useful data from particular sources that then analyze, present this valuable information to put it to their strategic advantage.... Quantitative data analysis as an aid to decision-making and for optimizing other business processes is the driving force today for competitive advantage.... This judicious decision support system is thus a phenomenon of the present Information Age....
16 Pages (4000 words) Assignment

Purchase Behavior Of Consumers

The author profiles purchase behavior of consumers by using demographic and psychological variables, identifies the importance of factors that influenced a fashion purchase decision, and creates a decision-making model for consumers engaged in the buying of fashion clothing.... ....
14 Pages (3500 words) Assignment

Business Decision Making Correlation between Independent Variable and Dependent Variables Outcome

The paper 'Business decision making – Correlation between Independent Variable and Dependent Variable's Outcome ' is an outstanding example of a management statistics project.... The paper 'Business decision making – Correlation between Independent Variable and Dependent Variable's Outcome ' is an outstanding example of a management statistics project.... The paper 'Business decision making – Correlation between Independent Variable and Dependent Variable's Outcome ' is an outstanding example of a management statistics project....
17 Pages (4250 words) Statistics Project

Data Mining and How it Can Be Address

Since everything depends on data entered, wrong data entry greatly affects reliability, decision making, and even the knowledge discovery process.... The paper "Data Mining and How it Can Be Address" observes data mining as the extraction of information from large data sets using association, segmentation, clustering, and classification for the purpose of analysis and prediction by the use of algorithms and other statistical techniques....
14 Pages (3500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us