Correlation coefficient, Mathematics

Assignment Help:

Correlation coefficient

- These are numerical measures of the correlations existing between the independent and the dependent variables

- These are better measures of correlation than scatter diagrams or graphs

- The range for correlation coefficients lies between negative (-ve) 1 and positive (+ve) 1. A correlation coefficient of positive (+1) show that there is perfect positive correlation. A value of negative (-ve) implies that there is perfect negative correlation. A value of 0 implies no correlation at all

- Given chart will be found useful in interpreting correlation coefficients

                                                730_Correlation coefficient.png

There are generally two types of correlation coefficients normally used that is:


Related Discussions:- Correlation coefficient

Probabillity, In my wallet there is a 10p stamp, a 12p stamp and a 20p stam...

In my wallet there is a 10p stamp, a 12p stamp and a 20p stamp.I remove a stamp,put it back and then remove a stamp again.Draw a sample space diagram to show all the possible resul

Neuro marketing, Does neuro marketing give impetus to new consumer behavio...

Does neuro marketing give impetus to new consumer behaviour

Randi takes the stairs at work whenever possible instead, Randi takes the s...

Randi takes the stairs at work whenever possible instead of the elevator. She must climb up 51 steps from her office to get to the accounting department. The human resources depa

Strategy for series - sequences and series, Strategy for Series Now t...

Strategy for Series Now that we have got all of our tests out of the way it's time to think regarding to the organizing all of them into a general set of strategy to help us

Algebra ii, How do you graph a hyperbola?

How do you graph a hyperbola?

Probability distributions, Probability Distributions Since the value of...

Probability Distributions Since the value of a random variable cannot be predicted accurately, by convention, probabilities are assigned to all the likely values that the varia

Demonstrates that f ( x ) = 4 x5 + x3 + 7 x - 2 mean value, Demonstrates th...

Demonstrates that f ( x ) = 4 x 5 + x 3 + 7 x - 2 has accurately one real root. Solution From basic Algebra principles we know that since f (x) is a 5 th degree polynomi

Estimate the loss to the bank - restructure the loan, Your bank has a loan ...

Your bank has a loan outstanding with a current balance of $1,000,000 that is payable in quarterly equal instalments of $49,924.  This loan has another 6 years to maturity.  The bo

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd