In: Statistics and Probability
Q1: Define the following terms:
a. correlation coefficient
b. scatter plot
c. bivariate relationship
Q2: Provide an example where the outlier is more important to the research than the other observations?
Q3: Identify when to use Spearman’s rho
Q1: Define the following terms:
a. correlation coefficient
b. scatter plot
c. bivariate relationship
a. correlation coefficient:
correlation coeffficient gives the relationship between two variables xand y.
X is called independent variable and
Y is called dependent variable
Denoted with r
Range of r is in between -1<=r<=1
if r=+1 there exists a positive relationship between x and y
if r=+1 there exists a negative relatonship between x and y
if r=0 there is no relationship between x and y
Solution1b:
scatterplot is plot of x and y
From scatterplot we get the relatonship and trend betwen two variables.
We can check whether there is relationship (linear,exponential,polynomial) by scatterplot.
We get form, strength, direction of variables from scatterplot
if the relationship is linear we can go for regression line.
Solution1c:
Bivariate relationship :is the relationship between two variables
For reference on correlation
https://www.simplypsychology.org/correlation.html
Correlation means association - more precisely it is a measure of the extent to which two variables are related. There are three possible results of a correlational study: a positive correlation, a negative correlation, and no correlation.
A correlation can be expressed visually. This is done by drawing a scattergram - that is one can plot the figures for one variable against the figures for the other on a graph.
For reference on scatterplot
http://www.amathsdictionaryforkids.com/qr/s/scatter%20plot.html
For bivariate relationship
https://datasagar.com/2018/01/30/uni-variate-distribution-relationships/