Question
A scatter plot reveals a strong positive linear
relationship between two variables. Which of the following is the most appropriate statistical measure to confirm this observation?Solution
The correlation coefficient (often denoted as "r") quantifies the strength and direction of a linear relationship between two variables. A strong positive correlation (e.g., r = 0.9) indicates that as one variable increases, the other tends to increase as well. For instance, a high correlation between advertising spend and sales confirms their strong linear relationship, observed in the scatter plot. This metric is critical for assessing relationships before performing regression or predictive modeling. Why Other Options Are Wrong : A) Standard deviation measures variability, not relationships. C) Mean difference compares group averages, not correlations. D) P-value tests hypotheses but doesn’t quantify relationships. E) Variance measures the spread within a single variable, not between two.
The Prakritik Kheti Khushshal Kissan Yojana (PKKKY) was launched by the ……………………………government to promote organic / Zero Budget Na...
The Government e-Marketplace, GeM platform was launched in which year?
What are the advantages of Conservation Agriculture?
1. Reduction of production and labour costs is possible.
2. It is possible to em...
The National Bank For Agriculture And Rural Development has celebrated its …………. Foundation day on 12 july 2022.
The National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is an apex organization of marketing cooperatives for agricultural prod...
The United Nations Framework Convention on Climate Change (UNFCCC) at ongoing 27th Conference of Parties (COP27) 2022 held in (or) Which country will h...
Consider the Following statement about RBI’s new regulatory framework for urban cooperative banks:
I. It is the four-tiered regulatory framewor...
National Agricultural Cooperative Marketing Federation of India Ltd.(NAFED) was established on the auspicious day of Gandhi Jayanti on 2nd October 1958...
In global warming the temperature of ……………. Increases
India’s first vaccine to prevent Lumpy Disease was developed by which of the following Institute?