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Define Correlation. - Economics

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प्रश्न

Define Correlation.

परिभाषा

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
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 12: Introduction to Statistical Methods and Econometrics - Model Questions [पृष्ठ २८०]

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

संबंधित प्रश्न

Calculate the correlation coefficient for the following data.

X 5 10 5 11 12 4 3 2 7 1
Y 1 6 2 8 5 1 4 6 5 2

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 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

Find the coefficient of correlation for the following:

X 78 89 96 69 59 79 68 62
Y 121 72 88 60 81 87 123 92

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


Correlation co-efficient lies between


The correlation coefficient from the following data N = 25, ∑X = 125, ∑Y = 100, ∑X2 = 650, ∑Y2 = 436, ∑XY = 520


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


The correlation coefficient is


The variable whose value is influenced (or) is to be predicted is called


Scatter diagram of the variate values (X, Y) give the idea about


If two variables moves in decreasing direction then the correlation is


Calculate the coefficient of correlation from the following data:

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


Calculate the correlation coefficient from the data given below:

X 1 2 3 4 5 6 7 8 9
Y 9 8 10 12 11 13 14 16 15

A measure of the strength of the linear relationship that exists between two variables is called:


If the points on the scatter diagram indicate that as one variable increases the other variable tends to decrease the value of r will be:


State and explain the different kinds of Correlation.


Calculate the Karl Pearson Correlation Co-efficient for the following data:

Demand for Product X : 23 27 28 29

30

31 33 35 36 39
Sale of Product Y: 18 22 23 24 25 26 28 29 30 32

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