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Product moment correlation coefficient is considered for
- a)Finding the nature of correlation
- b)Finding the amount of correlation
- c)Both (a) and (b)
- d)Either (a) and (b)
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Product moment correlation coefficient is considered fora)Finding the ...
Product moment correlation coefficient is a statistical measure that is used to determine the strength and direction of the relationship between two variables. It is denoted by the symbol 'r' and ranges from -1 to +1. A perfect positive correlation is represented by +1 and a perfect negative correlation is represented by -1. A correlation of 0 indicates no relationship between the variables.
Finding the nature of correlation
The product moment correlation coefficient helps in determining the nature of correlation between two variables. If the value of 'r' is positive, it indicates a positive correlation, which means that as one variable increases, the other variable also increases. On the other hand, if the value of 'r' is negative, it indicates a negative correlation, which means that as one variable increases, the other variable decreases.
Finding the amount of correlation
The product moment correlation coefficient also helps in determining the amount or strength of correlation between two variables. If the value of 'r' is close to +1 or -1, it indicates a strong correlation between the variables. However, if the value of 'r' is close to 0, it indicates a weak correlation between the variables.
Both (a) and (b)
Therefore, the correct answer is option 'C', as the product moment correlation coefficient is used to find both the nature and amount of correlation between two variables.
Finding the nature of correlation
The product moment correlation coefficient helps in determining the nature of correlation between two variables. If the value of 'r' is positive, it indicates a positive correlation, which means that as one variable increases, the other variable also increases. On the other hand, if the value of 'r' is negative, it indicates a negative correlation, which means that as one variable increases, the other variable decreases.
Finding the amount of correlation
The product moment correlation coefficient also helps in determining the amount or strength of correlation between two variables. If the value of 'r' is close to +1 or -1, it indicates a strong correlation between the variables. However, if the value of 'r' is close to 0, it indicates a weak correlation between the variables.
Both (a) and (b)
Therefore, the correct answer is option 'C', as the product moment correlation coefficient is used to find both the nature and amount of correlation between two variables.
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Product moment correlation coefficient is considered fora)Finding the nature of correlationb)Finding the amount of correlationc)Both (a) and (b)d)Either (a) and (b)Correct answer is option 'C'. Can you explain this answer?
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Product moment correlation coefficient is considered fora)Finding the nature of correlationb)Finding the amount of correlationc)Both (a) and (b)d)Either (a) and (b)Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Product moment correlation coefficient is considered fora)Finding the nature of correlationb)Finding the amount of correlationc)Both (a) and (b)d)Either (a) and (b)Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Product moment correlation coefficient is considered fora)Finding the nature of correlationb)Finding the amount of correlationc)Both (a) and (b)d)Either (a) and (b)Correct answer is option 'C'. Can you explain this answer?.
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