Question

3.From the past data the indices were calculated for money in circulation and cost of living. Find if there is any correlatio

0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

Correlation can be calculated by use of

n(Σxy) - (Σx)(Σy) V[nΣχ? - (Σx31nΣy? - (Σy2]

or by use of excel function of Correl (array 1 ,array 2), the value of correlation co-efficient fall in between -1 to +1,

1 Index of Money in Circulation Index of Cost of Living 110 120 125 128 132 140 150 105 108 110 112 108 130 134 10 Correlatio

Here, correlation value +0.892 , indicate highly positive correlation among these two factors.

Add a comment
Know the answer?
Add Answer to:
3.From the past data the indices were calculated for money in circulation and cost of living....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT