1.
Difference between correlation and regression analysis. Raw materials are used in the production od synthesis and fiber are stored in a place which has no humidity control. Measurement of relative humidity in the storage place and the moisture content of a sample of raw materials (both in percentage) on 10 days yields the following results. i. Compute correlation coefficient between humidity and moisture content and interpret the result. ii. Find the regression equation of moisture content on humidity. iii. Estimate the moisture content if humidity is 45%. iv. Interpret the value of regression coefficient.
$\begin{array}{c|cccccccccc} \text{Humidity \% (X)} & 48 & 55 & 30 & 44 & 36 & 31 & 62 & 48 & 42 & 50 \\ \text{Moisture content \% (Y)} & 11 & 13 & 10 & 12 & 9 & 7 & 16 & 11 & 9 & 14 \\ \end{array}$
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