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Correlation
If rxy is positive the relation between X an Y is of the type:
-
When Y increases X increases
-
When Y decreases X increases
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When Y increases X does not change
B.
When Y decreases X increases
Some More Questions From Correlation Chapter
Why is r preferrred to co-variance as a measure of association?
Can r lie outside -1 and 1 range depending on the type of data?
Does correlation imply causation?
When is rank correlation more precise than simple correlation coefficient?
Does zero correlation mean independenc?
Can simple correlation coefficient measure any type of relationship?
Collect the price of five vegetables from your local market everyday for a week. Calculate their correlation coefficient. Interpret the result.
List some variables where accurate measurement is difficult.
Interpret the values of r as 1, –1 and 0.
Why does rank correlation coefficient differ from Personian correlation co-efficient?
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Mock Test Series
Mock Test Series