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DECILES
The nine points on the scale of observations ( or values of the variable) which divide the total frequency into ten equal parts are called deciles for the data arranged in ascending or descending order of magnitude. When data are in ascending order the first point is called first decile and is denoted by D1 the second point is called second decile and is denoted by D2 and so on the last point is called ninth decile and is denoted by D9.
Method of Concurrent Deviations The coefficient of concurrent deviation or coefficient of correlation b the concurrent deviation methods is given by the formula. R
Usefulness of Correlation 1.Correlation is very useful to economists to study the relationship between variables like price and quantity demanded. To businessmen it
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