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Explain the difference between a frequency distribution and a relative frequency distribution. Comment on the differences on the vertical axis scale. Given the same data set and the same classes, will the shapes of the frequency distribution and the relative frequency distribution be the same? You may draw a diagram to support your answer.
Predicted Income
An estimate of future earnings based on variables such as education, experience, and other relevant factors, often derived using statistical models.
Outcome Variable
Another term for the dependent variable, which is the variable expected to change as a result of manipulations to the independent variable(s).
Correlated
A statistical term describing the extent to which two variables change together, indicating a relationship between them.
Unrelated
Not connected or associated in any specific way, especially referring to variables that do not show a statistical relationship.
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