I am planning to collect data from 100 people on which cereal and flavour they like...

I am planning to collect data from 100 people on which cereal and flavour they like the most and whether they would spend their income on a regular basis to buy it.

What is the Independant Variable and dependant variable? Remember that your independent variables should not be part of your dependent variable by construction

The project should involve applying the regression analysis.

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Expert Solution

I am planning to collect data from 100 people on which cereal and flavour they like the most and whether they would spend their income on a regular basis to buy it.

Here the question should be rather the amount that the people could spend on a regular basis to buy it. Because the answer to the question "whether they would spend their income on a regular basis to buy it" would be yes or no. This would make it a binomial experiment rather than a regression.

Independent variable is the one which does can be controlled or changed without any intervention. Like the flavour. and the cereal.

Dependent variable is the variable which changes or which is test to note the change in it due to a change in the independent variable. Like the income spent on a regular basis on buying the cereal. If the flavour is very favourite, the amount spent will be regular, if the flavour is moderately favourite the amount can be relatively lower.

Therefore

Independent variable: cereal and flavour people the most

Dependent variable: Amount of income spent on a regular basis to buy it.

orchestra answered 1 year ago

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