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!
Correlation
The correlation is commonly used and a useful statistic used to describe the degree of the relationships between two or more variables. Pearson's correlation reflects the degree of linear relationship between X variables which are independent and a Y variable which is independent and it ranges from positive 1 to negative 1 (+1 to -1). Below are statistics I have managed to gather which shows the relationship between the variables of wfood, totexp, income, age, nk.
The Null Hypothesis - H0: Correlation has risen by chance i.e. r = 0
The Alternative Hypothesis - H1: Correlation has not risen by chance i.e. r ≠ 0
*Exception: Reject H0 when P-value ≤ α = 0.05
Correlations: wfood, totexp, income, age, nk
wfood totexp income age
totexp -0.479 0.000
income -0.235 0.449
0.000 0.000
age 0.021 0.189 0.218
0.405 0.000 0.000
nk 0.102 0.071 0.025 0.008
0.000 0.005 0.322 0.753
Cell Contents: Pearson correlation
P-Value
Your company has developed a new product .Your company is a reputed company with 50% market share of same range of products. Your competitors also come with their new products equa
Applications of Standard Error Standard Error is used to test whether the difference between the sample statistic and the population parameter is significant or is d
Primary and Secondary Data: Primary Data: These data are those are collected for the first time. Thus primary data are original in character and gathered by actual observat
Characteristics of Index Number On the analysis of various definitions of index number the following may be its characteristics: 1. Expressed in Number : Index number
Melissa Bakery is preparing for the coming thanksgiving festival. The bakery plans to bake and sell its favourite cookies; butter cookies, chocolate cookies and almond cookies. A k
Find the Relation between two substance: The following table shows the results obtained in experiments aimed to determine how solubility of water in benzene depends on tempera
Weighted Harmonic Mean Weighted Harmonic Mean is calculated with the help of the following formula: WHM Case
a) List down several measures of central tendency and define the difference among them? b) What do you mean by confidence interval, and why it is useful? What is a confidence lev
Properties of correlation
Make a decision about the given claim. Use only the rare event rule, and make subjective estimates to determine whether events are likely. For example, if the claim is that a coi
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