Home
Class 11
ECONOMICS
Calculate coorelation coefficient betwee...

Calculate coorelation coefficient between X series and Y series.

Text Solution

Verified by Experts


`gamma=(NSigmaXY-(SigmaX)(SigmaY))/(sqrt(NSigmaX^(2)-(SigmaX)^(2))sqrt(NSigmaY^(2)-(SigmaY)^(2)))`
`=((7xx322)-(47xx40))/(sqrt((7xx379)-(47)^(2))sqrt((7xx352)-(40)^(2)))`
`=(2254-1880)/(sqrt((2653-2209))sqrt((2464-1600)))`
`=(374)/(sqrt(444)sqrt(864))=(374)/(sqrt(383616))=(374)/(619.37)=+0.60`
Promotional Banner

Topper's Solved these Questions

  • CORRELATION

    SK AGGARWALA|Exercise Multiple Choice Questions|3 Videos

  • CORRELATION

    SK AGGARWALA|Exercise Short Answer Questions-I|2 Videos

  • CORRELATION

    SK AGGARWALA|Exercise Numerical Questions|10 Videos

  • CONSUMERS'S EQUILIBRIUM: INDIFFERENCE CURVE ANALYSIS

    SK AGGARWALA|Exercise Value based question|4 Videos

  • COST

    SK AGGARWALA|Exercise Some imp. Que|24 Videos

Similar Questions

Explore conceptually related problems

Calculate coefficient of correlation between series X and Y.

Calculate coefficient of correlation between series A and B.

If the regression coefficient of Y on X is -6 , and the correlation coefficient between X and Y -(1)/(2), then the regression coefficient of X on Y would be

Calculate the coefficient of correlation between the two series :

From the following information, determine coefficient of correlation between X and Y series.

Calculate range and coefficient of range of the following series.

Calculate range and coefficient of range of the following series: