Explain correlation coefficient, Basic Statistics

Assignment Help:

Q. Explain Correlation Coefficient?

Ans.

The strength of a linear correlation is determined by how precisely the y variable shifts as the x variable increases. The two pictures on the right show data with a higher correlation than those on the left.

1619_Explain Correlation Coefficient.png

Data is said to have a perfect correlation if all points lie exactly along a line.

259_Explain Correlation Coefficient1.gif

The correlation coefficient, r, is a measure of the strength of the correlation. It is a number between 1 and +1. +1 indicates a perfect positive correlation and 1 indicated a perfect negative correlation. If r is positive, then there is a positive correlation between the two variables. If r is negative, there is a negative correlation between the variables.


Related Discussions:- Explain correlation coefficient

Probability and stochastic process, In a quaternaryphase shift keying (QPSK...

In a quaternaryphase shift keying (QPSK) communications system, one of four equally probable symbols s0,...,s3 is transmitted in T seconds. If symbol si is sent, a waveform x(t,si)

Probability, the probability that you win a game is 0.3. if you play the ga...

the probability that you win a game is 0.3. if you play the game 20 times. what is the probability that you will win at least 8 times?

Hom, (A) Find the binomial probability P(x = 5), where n = 15 and p = 0.50....

(A) Find the binomial probability P(x = 5), where n = 15 and p = 0.50. (B) Set up, without solving, the binomial probability P(x is at most 5) using probability notation. (C) H

Plot a histogram of sample hypnotized, Computer Project for Student Exam Sc...

Computer Project for Student Exam Scores The data in the excel spread sheet titled Data for Hypothesis Testing in the column titled Scores from Student Population represents m

What is appropriate and parametric statistical procedure , Questions 1....

Questions 1.  What would be the appropriate statistical procedure to test the following hypothesis:  "Triglyceride values are a good predictor of weight in obese adults." 2.

Explain the effects of the transactions, Explain the effects of the transac...

Explain the effects of the transactions on Accounting Equation under a Financial Accounting System. Ans. Under the Double Entry System each of the financial transaction bring the

Cost accounting, difference between financial statement and annual report ....

difference between financial statement and annual report .

General linear regression model, find the variance of least square estimato...

find the variance of least square estimator beta hat for general linear regression model

#mean, when is mode illdefined

when is mode illdefined

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