Correlation and Covariance

IMPORTANT

Correlation and Covariance: Overview

This topic covers concepts such as Correlation, Correlation Analysis, Positive Correlation, Negative Correlation, Scatter Diagram to Find Correlation, Karl Pearson's Coefficient of Correlation, Correlation Coefficient, Co-variance, etc.

Important Questions on Correlation and Covariance

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Find the rank correlation coefficient for the given data : 

x49344110121266251258y15152571652110720

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Find the rank correlation coefficient for the given data : 

x49344110151566251558y15152571652110720

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Find the rank correlation coefficient for the given data : 

x49344110161666251658y14142571652110720

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IMPORTANT

Find the rank correlation coefficient for the given data : 

x49344110161666251658y15152571652110720

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If the covariance between x and y is 30, variance of x is 25 and variance of y is 144, then what is the correlation coefficient?

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The co-efficient of correlation is independent of:

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If the correlation coefficient between x and y is 0.6 covariance is 27 variance of y is 25, then what is the variance of x?

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Given the following population data. Find the Pearson correlation coefficient between x and y for this data. (Take 1√7 as 0.378)

x 600 800 1000
y 1200 1000 2000

 

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A survey was conducted in your city. Given is the following sample data containing a person's age and their corresponding income. Find out whether the increase in age has an effect on income using the correlation coefficient formula. 

Age 25 30 36 43
Income 30000 44000 52000 70000

 

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If the coefficient correlation exactly equals to -1 then it will be _____ effect.

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If r= +1, the correlation is said to be _____.

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Which of the following may have an adverse effect on the correlation coefficient?

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If two variables are highly correlated, what do you know?

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Correlation refers to

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If two variables oppose each other then the correlation will be _____.

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You are analysing a scatter plot that has a negative correlation. What is true of the x and y values?

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From the following data calculate the rank correlation coefficient.

x49344110171766251758y14142571652110720

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If the two variables do not have linear relationship between them then they have a correlation coefficient equal to

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If -1<r<0, then the correlation is called

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If 0<r<1, then the correlation is called