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In: Statistics and Probability
v(a) Using examples, outline the differences between correlation and causation. (b) The Excel correlation matrix below...
v(a) Using examples, outline the differences between correlation and causation. (b) The Excel correlation matrix below shows correlation coefficients between cheapest economy and business class fares, flight times and flight distances for non-stop round-trip flights in December 2019 to 12 medium- and long-haul destinations from Manchester Airport (source: flights.google.com, accessed 4th November 2019). Economy Fare Business Fare Time Distance Economy Fare 1.000 Business Fare 0.854 1.000 Time 0.663 0.494 1.000 Distance 0.520 0.317 0.971 1.000 (i) Explain how this correlation matrix would have been generated in Excel.
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orchestra answered 2 years agoRelated Solutions
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