Business Studies, asked by SandeepSM, 1 year ago

Calculate correlation from the following data:


x : 100 200 300 400 500 600 700

y : 30 50 60 80 100 110 130


kowsalya77764: the x and y are small letter or capital letter
SandeepSM: small letters
KOVURUPAVAN000: small letters

Answers

Answered by kowsalya77764
89

substitute xy,x^2,y^2 in correlation formula and find the answer 0.9969

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Answered by deva098
1

Answer:

Correlation stands as a statistical word representing the degree to which two variables move in coordination with one another.

Explanation:

Given,

x : 100 200 300 400 500 600 700

y : 30 50 60 80 100 110 130

To find,

Correlation from the given data.

Correlation is the method of specifying an association or relationship between two or more things.

Step 1

To simplify the computation let every value of x be divided by 100 and every value of y divided by 10 and indicate these sequences by "x" and "y".

The calculation is shown below,

r &=\frac{\Sigma x y}{\sqrt{\Sigma x^{2} \cdot \Sigma y^{2}}} \\

x &=(X-\bar{X})

y=(Y-\bar{Y}) \\

Where,

\Sigma x y &=46

\Sigma x^{2}=28

\Sigma y^{2}=76 \\

r &=\frac{46}{\sqrt{28 \times 76}}

Therefore,

=+0.997.

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