Correlation, Applied Statistics

Assignment Help:

Definition of Correlation

According  to prof, king correlation means that between two series or group  of data  there  exists  some casual connection  prof, king  has also  explained,  If it is proved true that in a large number of instances two variables tend always to fluctuate in the same or in opposite direction, we  consider that the fact  is established that a relationship  exists. This relationship is called correlation.

According to Boddington, Whenever  some definite connections exist between the two or more group. Classes or series of data, there is said to be correlation.

E . Davenport has expressed his views as, the whole subject of correlation refers to the inter relation between separate character by which they tend in some degree, at least, to move together. Thus two or more variables are said to be correlated if the change in one variable result or associated with a corresponding changes in other variable.


Related Discussions:- Correlation

Ashland MultiComm Services, Suppose that in the actual survey of 50 prospec...

Suppose that in the actual survey of 50 prospective customers, 6 subscribe to the 3 for all offer, what does this tell you about the previous estimate of the proportion of customer

Correlation analysis, Correlation Analysis Correlation Analysis is perf...

Correlation Analysis Correlation Analysis is performed to measure the degree of association between two variables. The measure is called coefficient of correlation. The coeffic

Descriptive statistics, Descriptive Statistics : Carrying out an extens...

Descriptive Statistics : Carrying out an extensive analysis the data was not a subject to ambiguity and there were no missing values.  Below are descriptive statistics that hav

Graphical calculation for mode, For calculating the mode of the grouped dat...

For calculating the mode of the grouped data graphically, the following procedure is adopted. Draw a histogram of the data; the modal class is the tallest rectangle.

the npv of the book , Bill Clinton reportedly was paid $10 million to writ...

Bill Clinton reportedly was paid $10 million to write his book My Way. The book took three years to write. In the time he spent writing, Clinton could have been paid to make speech

Measurement errors models, How can we analyse data with four bilateral resp...

How can we analyse data with four bilateral response variables measured with errors and three covariated measured without errors?

Statistics assignment, To compare three brands of computer keyboards, four ...

To compare three brands of computer keyboards, four data entry specialists were randomly selected. Each specialist used all three keyboards to enter the same kind of text material

Variance, Variance The term variance was used to describe the square of...

Variance The term variance was used to describe the square of the standard deviation by R.A.Fisher. The concept of variance is highly important in areas where it is possible to

Evaluate minimum capability requirement, You are currently working wit...

You are currently working with a supplier who is producing a shaft whose diameter specification is 6.00 ± .003 inches.  Currently, the process is yielding shafts wit

Determine the subset of variables, Agency revenues. An economic consultant ...

Agency revenues. An economic consultant was retained by a large employment agency in a metropolitan area to develop a regression model for predicting monthly agency revenues ( y ).

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