Question

Define a simple correlation coefficient and explain the relevancy to the study of statistics.

Answer 1

We know that,

The simple correlation coefficient is a statistical measure of the strength of the relationship between the relative movements of two variables. The values range between -1.0 and 1.0.

Now,

It's relavancy in statistic are,

• Correlation coefficients are used to measure the strength of the relationship between two variables.
• Pearson correlation is the one most commonly used in statistics. This measures the strength and direction of a linear relationship between two variables.

Thank you.