Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Usefulness of Correlation
1.Correlation is very useful to economists to study the relationship between variables like price and quantity demanded. To businessmen it helps to estimate costs sales price and other related variables.
2.Some variables show some kind of relationship, correlation analysis helps in measuring the degree of relationship between the variables like supply and demand price an supply income and expenditure etc.
3.The relation between variables can be verified and tested fro significance with the help of the correlation analysis. The effect of correlation is to reduce the range of uncertainty of our prediction.
4. The coefficient of correlation is a relative measure and we can compare the relationship between variables which are expressed in different units.
5.Sampling error can also be calculated.
6. Correlation is the basis for the concept of regression and ratio of variation.
Institutional Characteristics: An approach to an understanding of the fields of interest of individuals to be served and of the organisation as a whole could begin by acquiri
Case Study Methods: It is studying the phenomenon event situation or development through a thorough and detailed analysis or intensive study. The case may be an individual a gr
Deviation Taken from Assumed Mean This methods is assorted when the arithmetic average is a fractional value. Taking deviation from fractional value would be a ver
EXPLAIN THE CONCEPT OF DUALITY IN LPP THROUGH A LIFE SITUATION
what is model variables
an electric company which generates and distributes electricity conducted a study on the life of poles. tha appropriate life data are given in the following table: years after inst
Assumption of F- Test The theoretical assumption on which F test is based are: 1.The populations for each sample must be normally distributed with identical mean
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
Convenience Sampling In convenience sampling selection the researcher chooses the sampling units on the basis of convince or accessibility. It is called accidental
LIMITS OF TRANSPOTATION PROBLEM
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd