Question

Collect the price of five vegetables from your local market everyday for a week. Calculate their correlation coefficient. Interpret the result.

Solution

Students are suppose of collect the price of any five vegetables from the market everyday for a week. Then they should calculate their correlation of co-efficients.

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?

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Correlation

Collect the price of five vegetables from your local market everyday for a week. Calculate their correlation coefficient. Interpret the result.

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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