Write the merits and demerits of Karl Pearson's Method.
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the merits of Karl Pearson's method is that this method not only indicates the presence or absence of correlation between any two variables but also,determines the exact extent or degree to which they are correlated.
the demerits of Karl Pearson's method is that it is a comparatively difficult to calculate as its computation involves inticrate algebraic methods of calculations. it is very much affected by the values of the extreme items.it is based on a large number of assumptions viz.
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