Question
Which statistical method is most suitable for
quantifying the strength and direction of a linear relationship between two continuous variables?Solution
Explanation: The Pearson correlation coefficient measures the strength and direction of a linear relationship between two continuous variables. It produces a value between -1 and 1, where -1 indicates a perfect negative correlation, 1 indicates a perfect positive correlation, and 0 indicates no linear correlation. It is widely used when the variables are normally distributed and have a linear association. For example, in analyzing the relationship between sales revenue and advertising expenditure, the Pearson coefficient can determine how strongly these two variables are related. Option A: The Chi-square test evaluates relationships between categorical variables, not continuous variables. Option C: The Spearman rank correlation is a non-parametric alternative to Pearson’s, suitable for ordinal data or non-linear relationships. Option D: ANOVA tests differences between group means and is not used for correlation analysis. Option E: The Mann-Whitney U test compares medians of two independent samples and does not measure correlation.
The rates at which duties of customs shall be levied under the Customs Act, 1962 are specified in the __________________ of the Customs Tariff Act.
According to the IBC the Adjudicating Authority, in relation to insolvency resolution and liquidation for corporate persons including corporate debtors ...
As per the provisions of the  Bharatiya Nyaya Sanhita, what does the term "deceitful means" include in cases where a person engages in sexual intercou...
Parties are free to determine the number of arbitrators in an Arbitral Tribunal provided that-
The presiding officer in an arbitral tribunal of 3 arbitrators shall be appointed by ?
On the basis of the decision of the Court in the case of Balfour v. Balfour which of the following are correct____________
Which section of the Indian Contract Act deals with the provisions relating to a suit by bailor or bailee against wrong-doer?
Any fault, imperfection, shortcoming or inadequacy in the quality, nature and manner of performance which is required to be maintained by or under any l...
Where any electronic record, purporting or proved to be ___________ years old, is produced from any custody which the Court in the particular case consi...
The maxim Nemo Dat Quod Non-Habet means_____________