Q.4.118 - Elementary Statistics

Question

What is one purpose of the linear correlation coefficient?

Step-by-Step Solution

Answer

The linear correlation coefficient is used to determine the magnitude and direction of a linear link between two variables.

Step-1 Concept Introduction

The linear correlation coefficient is a statistic calculated directly from data that indicates how strong the linear link between the two variables $X$and $Y$ is.

Step-2 Explanation

The linear correlation coefficient is used to determine the magnitude and direction of a linear link between two variables.

That is, it assesses how a variable's data is dispersed in relation to the values of other variables.