Consider the following statements: 1. Two independents variable are always uncorrelated. 2. The coefficient of correlation between two variables X and Y is positive when X decreases then Y decreases Which of the above statements is/are correct?
Consider the following statements: 1. Two independents variable are always uncorrelated. 2. The coefficient of correlation between two variables X and Y is positive when X decreases then Y decreases Which of the above statements is/are correct? Correct Answer 1 and 2
Concept:
- Two independent variables have coefficient of correlation 0, so they are always uncorrelated.
- Positive coefficient means they both move in same direction, so if X decreases then Y also decreases.
So, both the statements are correct.
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Feb 20, 2025