QUIZ 2.5, 3.5, 12 Flashcards
A ________ ______ explores the possible relationship between two numerical variables by plotting the values of one numerical variable on the horizontal axis and the values of the second numerical variable on the vertical axis.
Scatter Plot
What does a positive slope of a line through the points on a scatterplot tell us about the two variables?
That there is a strong increasing relationship between the 2 variables.
As X increases, Y generally increases.
What does a negative slope of a line through the points of a scatter plot tell us about the relationship of two variables?
That as X values increase, the Y-values generally decrease.
The variables generally have a decreasing negative relationship.
How is a variable plotted over time?
By using a time-series plot
What is the measure of the strength of the linear relationship between two numerical variables (X & Y)?
Covariance
What is the major flaw in using the covariance?
Covariance can have any value. it cannot be used to determine the RELATIVE STRENGTH of the relationship between X and Y.
_______ of __________ measures the relative strength of the relationship between X and Y.
Coefficient of Correlation
What is the value range of the Coefficient of Correlation?
+1 to -1
What does a coefficient of correlation measured at +1 mean?
The relationship between X and Y is PERFECTLY POSITIVE.
What does a coefficient of correlation measurement of -1 indicate?
The relationship between X and Y is PERFECTLY NEGATIVE
What is the measure of the coefficient of correlation if there is no relationship between X and Y?
= 0
What is the Greek symbol used to represent the coefficient of correlation?
Rho