Why may we not interpret or discuss correlation coefficient

Assignment Help Basic Statistics
Reference no: EM131322650

1. Why can it be argued that the formula for calculating r should be named the Edgeworth, rather than the Pearson, correlation coefficient?

2. Why may we not interpret or discuss a correlation coefficient that is not statistically significant?

Reference no: EM131322650

Questions Cloud

Find the current density and current of peak beta : Use the simplest formulas derived in the text for these two effects. Find the current density and current of peak beta using the numerical values of the parameters given in this section.
Create a timeline of annual activity of labor : Create a timeline of annual activity of labor/management collective bargaining from 1978 until 2009, providing a short synopsis of mergers, new carriers and company departures from the air transport sector. Highlight the area of most importance.
Why do researchers calculate coefficient of determination : Why do researchers calculate the coefficient of determination?- What does a coefficient of determination of .40 indicate?
Are there particular ideas that particularly stand out : Do you agree or disagree with your peers findings? Where are there similarities or differences within the class discussion? Are there particular considerations/ideas that particularly stand out?
Why may we not interpret or discuss correlation coefficient : Why can it be argued that the formula for calculating r should be named the Edgeworth, rather than the Pearson, correlation coefficient?
How price effect contributes to the fact that for a monopoly : What is the value at point (b)and why is it important? Explain your understanding of how price effect contributes to the fact that, for a monopoly, marginal revenue is always less than the price.
How would you detect and correct a restricted range : What is a restricted range, and what effect does it have on correlation coefficients? How would you detect and correct a restricted range?
Which mental disorder character symptoms best represent : Based on the DSM-5, which mental disorder do you believe the character's symptoms best represent? Are there any indications that suggest the character may have a different mental disorder other than the one you have listed in C
What impact does reliability have on correlation : Do outliers increase or decrease the magnitude of correlation coefficients?- What impact does reliability have on correlation?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Probabilty that airline not have seats for all ticket holder

Suppose that for a particular flight involving a jumbo-jet with 265 seats, the airline sells 278 tickets. What is the probability that the airline will not have enough seats for all the ticket holders who show for the flight?

  Random sample of eight adults

A random sample of eight adults aged 30 years were asked how much they spent on medical costs in the year 2011. The following data were measured.

  Complete the hypothesis test with alternative hypothesis d

complete the hypothesis test with alternative hypothesis ?d lt 0 based on the paired data that follow and d m - n. use

  Standard deviation of scores

If the scores of 10 students in an examination are 87, 74, 66, 95, 83, 80, 90, 70, 56, and 75, find the standard deviation of these scores.

  Find means of sample with respect to population mean

At that point, the mean becomes a random variable and the means of some of the different samples are 187, 192, 184, . . . 196. What can you say about the means of the sample with respect to the population mean?

  Identify and explain optimal solution

What is Optimal solution? Using Linear Programming or any other methods (Optional) Explain in Detail What does it mean "Optimal Solution"?

  Sampling distribution of the mean

The 95% confidence interval for the mean of the sampling distribution of the mean is about:

  Student selected at random from the class

Suppose that a certain college class contains 54 students. Of these, 34 are sophomores, 35 are psychology majors, and 7 are neither. A student is selected at random from the class.

  Maximum possible value

For RL = 1 k±, what is the maximum possible value of Vp while an undistorted output sinusoid is obtained? Repeat (a) for RL = 200 _.

  Then he flips the coin 2 more times what is the expected

a gambler has a fair coin with one head and one tail and a two-headed coin. he selects one of the coins at random and

  Each calendar costs the store 6 to purchase and can be sold

the following table shows bobs bookstores estimated demand for a new calendar. the bookstore needs to decide whether to

  State the null and alternative hypotheses type mu for the

ben thinks that people living in a rural environment have a healthier lifestyle than other people. he believes the

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