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.
With which dancing form is the noted classical dancer Shovana Narayan associated?
What is the objective behind the launch of the INSAT-3DS satellite?
In which year was the PM Ayushman Bharat Health Infrastructure Mission launched?
Where is the headquarters of Confederation of Indian Industry (CII) is located?
HDFC bank limited launched which of the following campaign to create awareness on cyber frauds? Â
Which of the following hyderabad-based startup gets India’s first real-time Gold ATM?Â
Under which Act was the rule of British Crown established over India?
The Consumer Protection Bill 2018 replaces the Consumer Protection Act which was enacted in ______.
How much of India's total infrastructure development budget increase has been allocated to road transport and highway infrastructure?
Prime Minister Shri Narendra Modi launched Skill India Mission in _______ that aimed totrain over 40 crore people in India in different skills by 2022.