Example of product moment correlation, Mathematics

Assignment Help:

Example of Product moment correlation

The given data was acquired during a social survey conducted in a described urban area regarding the yearly income of described families and the corresponding expenditures.

Family

(x)Annual income £ 000

(y)Annual expenditure £ 000

xy

x2

Y2

A

420

360

151200

176400

129600

B

380

390

148200

144400

152100

C

520

510

265200

270400

260100

D

610

500

305000

372100

250000

E

400

360

144000

160000

129600

F

320

290

92800

102400

84100

G

280

250

70000

78400

62500

H

410

380

155800

168100

144400

J

380

240

91200

144400

57600

K

300

270

81000

90000

72900

Total

4020

3550

1504400

1706600

1342900

Required

Compute the product moment correlation coefficient briefly comment on the value acquired

The produce moment correlation:

1701_Example of Product moment correlation 1.png

Workings:

x¯  = 4020/10 = 402                 

y¯ = 3550/10 = 355

1442_Example of Product moment correlation 2.png

= 0.89

Comment: The value acquired 0.89 suggests that the correlation between annual expenditure and annual income is high and positive. This shows that the more one earns the more one spends.


Related Discussions:- Example of product moment correlation

Leptokurtic-measure of central tendency, Leptokurtic a) A frequency di...

Leptokurtic a) A frequency distribution which is lepkurtic has normally a higher peak than that of the general distribution. The coefficient of kurtosis while determined will

Simple harmonic motion, prove that the composition of two simple harmonic o...

prove that the composition of two simple harmonic of the same period and in the same straight line is also a simple harmonic motion of the same period.

Operation on polynomial, Perform the denoted operation for each of the foll...

Perform the denoted operation for each of the following.  (a) Add 6x 5 -10x 2 + x - 45 to 13x 2 - 9 x + 4 .   (b) Subtract 5x 3 - 9 x 2 + x - 3 from       x 2+ x +1.

Polynomials, zeroes of polynomial 2x2-3x-2

zeroes of polynomial 2x2-3x-2

Find the number of students in the class, Students are made to stand in row...

Students are made to stand in rows. If one student is extra in a row there would be 2 rows less. If one student is less in a row there would be 3 rows more. Find the number of stud

Which of the subsequent terms does not describe the number 9, Which of the ...

Which of the subsequent terms does NOT describe the number 9? Nine is NOT prime since it has 3 factors; 1, 3, and 9. Prime numbers have only 2 factors.

The definite integral- area under a curve, The Definite Integ...

The Definite Integral Area under a Curve If there exists an irregularly shaped curve, y = f(x) then there is no formula to find out

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