STATISTICAL TECHNIQUES AND TOOLS
REGRESSION
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What letter do we use to represent correlation coefficient?
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c
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r
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p
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h
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Explanation:
Detailed explanation-1: -r is often denoted as rxy to emphasize the two variables under consideration. For samples, the correlation coefficient is represented by r while the correlation coefficient for populations is denoted by the Greek letter rho (which can look like a p).
Detailed explanation-2: -Two letters are used to represent the Pearson correlation: Greek letter rho () for a population and the letter “r” for a sample.
Detailed explanation-3: -The correlation coefficient r is a unit-free value between-1 and 1. Statistical significance is indicated with a p-value. Therefore, correlations are typically written with two key numbers: r = and p = . The closer r is to zero, the weaker the linear relationship.
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