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Define Correlation. - Economics

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प्रश्न

Define Correlation.

व्याख्या
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उत्तर

Correlation is a statistical device that helps to analyze the covariation of two or more variables. Sir Francis Galton, is responsible for the calculation of the correlation coefficient.

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Correlation
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पाठ 12: Introduction to Statistical Methods and Econometrics - Model Questions [पृष्ठ २८०]

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सामाचीर कलवी Economics [English] Class 12 TN Board
पाठ 12 Introduction to Statistical Methods and Econometrics
Model Questions | Q 25. | पृष्ठ २८०

संबंधित प्रश्‍न

In the following data one of the value of y is missing. Arithmetic means of x and y series are 6 and 8 respectively. `(sqrt(2) = 1.4142)`

x 6 2 10 4 8
y 9 11 ? 8 7

Estimate missing observation.


Find the coefficient of correlation for the following:

Cost (₹) 14 19 24 21 26 22 15 20 19
Sales (₹) 31 36 48 37 50 45 33 41 39

Calculate the coefficient of correlation for the ages of husbands and their respective wives:

Age of husbands 23 27 28 29 30 31 33 35 36 39
Age of wives 18 22 23 24 25 26 28 29 30 32

Calculate the coefficient of correlation between X and Y series from the following data.

Description X Y
Number of pairs of observation 15 15
Arithmetic mean 25 18
Standard deviation 3.01 3.03
Sum of squares of deviation from the arithmetic mean 136 138

Summation of product deviations of X and Y series from their respective arithmetic means is 122.


Calculate the correlation coefficient for the following data.

X 25 18 21 24 27 30 36 39 42 48
Y 26 35 48 28 20 36 25 40 43 39

Example for positive correlation is


If the values of two variables move in same direction then the correlation is said to be


If r(X,Y) = 0 the variables X and Y are said to be


From the following data, N = 11, ∑X = 117, ∑Y = 260, ∑X2 = 1313, ∑Y2 = 6580, ∑XY = 2827 the correlation coefficient is


The correlation coefficient is


If two variables moves in decreasing direction then the correlation is


The person suggested a mathematical method for measuring the magnitude of linear relationship between two variables say X and Y is


The coefficient of correlation describes


Calculate the coefficient of correlation from the following data:

∑X = 50, ∑Y = – 30, ∑X2 = 290, ∑Y2 = 300, ∑XY = – 115, N = 10


If both variables X and Y increase or decrease simultaneously, then the coefficient of correlation will be:


The value of the coefficient of correlation r lies between:


State and explain the different kinds of Correlation.


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