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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
La proporción de empleados de una empresa que usan su auto para ir al trabajo es 5:16. Si hay un total de 800 empleados, diga la cantidad de autos que se espera que haya estacionad
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Formulas
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