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Correlation Analysis
Correlation Analysis is performed to measure the degree of association between two variables. The measure is called coefficient of correlation. The coefficient of correlation is also said to be a measure of covariance between two series. Of the several mathematical methods of measuring correlation, the Karl Pearson's method, popularly known as Pearson's coefficient of correlation is most widely used in practice.
while the Statistic r is given by r =
A simple formula is
r
The correlation coefficient describes not only the magnitude of the correlation but also its direction.
practical application of standard error
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While there are p original variables the number of principal components is m such that m
There are two types of drivers, high-risk drivers with an accident probability of 2=3 and low risk drivers with an accident probability of 1=3. In case of an accident the driver su
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A marketing research firm was engaged by an automobile manufacturer to conduct a pilot study to examine the feasibility of using logistic regression for ascertaining the likelihood
just wondering what would be the cost to complete a stats assignment
in a normal distribution with a mean of 85 and a STD of 5, what is the percentage of scores between 75 and 90?
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