Question

In: Accounting

Debate the following statement: "Correlation means Causation." Determine whether this statement is true or false, and...

Debate the following statement: "Correlation means Causation." Determine whether this statement is true or false, and provide reasoning for your determination, using a Possible Relationships Between Variables table if one is available.

Solutions

Expert Solution

This is a false statement as there is no way that correlation can ever mean causation. Young scholars have often had confusion on the same. When someone says that one variable and another are correlated, they do not mean that one causes the other.

It is also true however to say that the cause and effect relationship between the two variables can be due to another third factorcommonly known as the confounding factor.To prove however if there is a cause and effect relationship, often an experiment is conducted to prove the same. When there is a cause and effect relationship, the relationship between the variables can be proved by collecting data and running them through a multiple regression. If thisis done for correlated factors, the results would show a no relationship by giving a figure of significance of 0.5 or more. When the figure is 0.5 or more, it means that the independent variables chosen do not have any causal effect relationship with the dependent variable.Variables can either be negatively, positively and zero correlated. When we say two variables are positively correlated, all that is being said that is that they tend to move in one direction such thatif one increases, the other increases in the same direction and the vice versa is also true.

The statement “correlation means causation” is not true. The right thing to say is, “correlation is not causation”. In fact, this is a statement that is repeatedly uttered and ingrained in the minds of statisticians.

Accordingly, things could be correlated, but that does not guarantee that one causes the other. In a correlation case, there could be a factor other than the two variables which affects the variables. That would bring about the impression that the two variables have a cause and effect relationship. The factor, which comes in between the variables and affects them both, is usually known as a confounder (Chambers et al, 2015). Consider the decreased shopping that occurs during election years. Although people shop less during this time, it does not mean that elections cause it. Shortage of currency supply due to previous poor monetary policies in the economy could coincide with the election period. Other confounders, too, could be responsible for the correlation between the variables.

Consider the relationship between rainy season and malaria. During rainy seasons in the region, malaria is rampant among the dwellers. The truth is that rain does not cause malaria, but rather the mosquitoes have optimal breeding opportunity and habitat when there is plenty of rain. The confounder here is the mosquito.


Related Solutions

Debate the following statement: "Correlation means Causation." Determine whether this statement is true or false, and...
Debate the following statement: "Correlation means Causation." Determine whether this statement is true or false, and provide reasoning for your determination, using the Possible Relationships Between Variables table
true or false, correlation doesn't imply causation
true or false, correlation doesn't imply causation
Determine whether each of the following statements is true or false. If the statement is false,...
Determine whether each of the following statements is true or false. If the statement is false, modify and rewrite it so that it is a true statement. a. When a molecule has two, degenerate, “infrared active”, vibrational modes, the two vibrational modes will show absorptions at different frequencies in the infrared spectrum. b. For a given substance, strong intermolecular forces between molecules of the substance can cause peak broadening of some of the absorptions in the infrared spectrum of the...
Determine whether each statement is true or false. If it is true, prove it. If it...
Determine whether each statement is true or false. If it is true, prove it. If it is false, give a counterexample. a) For every function f : X → Y and all A ⊆ X, we have f^−1 [f[A]] = A. (b) For every function f : X → Y and all A ⊆ X, we have f[X \ A] = Y \ f[A]. (c) For every function f : X → Y and all A, B ⊆ Y ,...
For each of the following statements, determine whether the statement is true or false. If you...
For each of the following statements, determine whether the statement is true or false. If you say the statement is true, explain why and if you say it is false, give an example to illustrate. (a) If {u, v} is a linearly independent set in a vector space V, then the set {2u + 3v, u + v} is also a linear set independent of V. (b) Let A and B be two square matrices of the same format. Then...
Determine whether the statement is true or false. If it is false, explain why or give...
Determine whether the statement is true or false. If it is false, explain why or give an example that shows it is false. If f(c) = L,then lim x→c f(x) = L. False. Define f to be the piece-wise function where f(x) = x + 3 when x ≠ −1 and f(x) = 2 when x = −1. Then we have f(−1) = 2 while the limit of f as x approaches −1 is equal to −2. False. Define f...
True/False: Indicate whether the following statement is true or false. If it is false, indicate the...
True/False: Indicate whether the following statement is true or false. If it is false, indicate the reason. If it is true, indicate what makes it true. Just stating true or false will not earn any points. "It is not possible to have concave preferences."
Determine and specify whether the statement is best characterized as “True,” “False,” or if there is...
Determine and specify whether the statement is best characterized as “True,” “False,” or if there is insufficient information to make a definitive conclusion (“Uncertain”) (choose only one of these three responses); and (ii) Provide a brief explanation justifying your determination You must provide an explanation to receive any points. Do not simply repeat the statement if it is determined to be true, and do not simply negate the statement if it is determined to be false. Either one of the...
Determine for each statement below by listing true or false, on whether or not it is...
Determine for each statement below by listing true or false, on whether or not it is a true difference between RNA polymerase and DNA polymerase: 1) RNA pol doesn’t require a primer, DNA pol does. 2) RNA pol doesn’t have proofreading, DNA pol does. 3)RNA pol reads template 3’-->5’, DNA pol reads template 5’-->3’. 4)RNA pol adds nucleotides 3’-->5’, DNA pol adds nucleotides 5’-->3’. 5)RNA pol creates RNA, DNA pol creates DNA. 6)RNA pol template is RNA, DNA pol template...
To what extent is the statement, “Correlation does mean Causation.” true, and to what extent is...
To what extent is the statement, “Correlation does mean Causation.” true, and to what extent is it misleading? Give examples with your response? 250 words
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT