Home
Class 12
MATHS
We can estimate the value of one variabl...

We can estimate the value of one variable with the help of other known variable only if they are

A

Correlated

B

Positively correlated

C

Negatively correlated

D

Uncorrelated

Text Solution

AI Generated Solution

The correct Answer is:
To solve the question "We can estimate the value of one variable with the help of another known variable only if they are...", we need to analyze the concept of correlation between two variables. ### Step-by-Step Solution: 1. **Understanding the Question**: The question is asking under what condition we can estimate the value of one variable using another known variable. **Hint**: Think about how two variables can influence each other. 2. **Defining Correlation**: Correlation refers to a statistical measure that describes the extent to which two variables change together. If two variables are correlated, it means that when one variable changes, the other variable tends to change in a specific direction (either positively or negatively). **Hint**: Recall the definition of correlation and its significance in statistics. 3. **Types of Correlation**: There are different types of correlation: - Positive Correlation: Both variables move in the same direction. - Negative Correlation: One variable increases while the other decreases. - No Correlation: There is no predictable relationship between the variables. **Hint**: Consider how the direction of change in one variable affects the other. 4. **Application of Correlation**: In practical scenarios, such as finance, we can estimate the value of a stock based on its correlation with a benchmark index. If the stock price and the index are correlated, knowing the index's value can help us estimate the stock's value. **Hint**: Think of real-world examples where correlation is used to predict outcomes. 5. **Conclusion**: Therefore, the correct answer to the question is that we can estimate the value of one variable with the help of another known variable only if they are **correlated**. **Hint**: Summarize your findings by stating the relationship between the two variables. ### Final Answer: The correct answer is **correlated**.
Promotional Banner

Topper's Solved these Questions

  • QUESTION BANK 2021

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise Part II 3. LINEAR REGRESSION (II State whether the following statements are true or false:)|17 Videos
  • QUESTION BANK 2021

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise Part II 3. LINEAR REGRESSION (III. Fill in the following blanks:)|11 Videos
  • QUESTION BANK 2021

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise Part II 2. Insurance and Annuity (Activity based Question)|3 Videos
  • PROBABILITY DISTRIBUTION

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise MULTIPLE CHOICE QUESTIONS|9 Videos
  • THREE DIMENSIONAL GEOMETRY

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise MULTIPLE CHOICE QUESTIONS|8 Videos

Similar Questions

Explore conceptually related problems

The value of a variable is fixed.

What is the value of variable a in the equation 45 - 5a = 25?

What is the value of variable a in the equation 3a + 5 = 32?

Which of the following statements is/are correct in respect of regression coefficients? 1. It measures the degree of linear relationship between two variables. 2. It gives the value by which one variable changes for a unit change in the other variable. Select the correct answer using the code given below.

system OF linear equation- for one variable || for two variable || for three variable

Degree of a polynomial in one variable in a polynomial in one variable the highest power of the variable is called its degree.

If are values of a variable such that Find the value of and the mean.

Explain, in brief, the meaning of variable cost with the help of a hypothetical schedule and diagram.