Find out Karl Pearson’s coefficient of correlation from following data : Price (in Rs.) : 27 28 29 30 31 32 33 34 35 36 Supply (in kg) : 76 74 76 66 64 66 68 58 52 46
Answers
Answer:
Karl Pearson Correlation Coefficient Formula
The coefficient of correlation rxy between two variables x and y, for the bivariate dataset (xi,yi) where i = 1,2,3…..N; is given by –
r(x,y)=cov(x,y)σxσy
where,
⇒ cov(x,y): the covariance between x and y
– ΣNi=1(xi–x¯)(yi–y¯)N=ΣxiyiN–x¯y¯
Here, barx and y¯ are simply the respective means of the distributions of x and y.
⇒ σx and σy are the standard deviations of the distributions x and y.
– σx=Σ(xi–x¯)2N−−−−−−√=Σx2iN–x¯2−−−−−−√
– σy=Σ(yi–y¯)2N−−−−−−√=Σy2iN–y¯2−−−−−−√
Alternate Formula
If some data is given in the form of a class-distributed frequency distribution, you may use the following formulae –
⇒ cov(x,y): the covariance between x and y
– Σi,jxiyifijN–x¯y¯
Answer:
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Explanation:
Find out Karl Pearson’s coefficient of correlation from following data : Price (in Rs.) : 27 28 29 30 31 32 33 34 35 36 Supply (in kg) : 76 74 76 66 64 66 68 58 52 46