Correlation co-efficient
(Pearson product moment)
Correlation co-efficient (Pearson product moment):
Example: Calculate correlation coefficient between X and Y from the following sample dataData:
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Solution (through Minitab 17):
1. Choose Stat>Basic Statistics>Correlation
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2. Double click on variable
name to enter the variable in box.
3. Select Pearson Correlation from the selection bar.
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3. Select Pearson Correlation from the selection bar.
4. Click on OK button and see the result in session
window.
Result:
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Conclussion:
Hance there is a moderate correlation between variables X and Y.Strength of coeficient of correlation:
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P-value Ranges:
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