Chapters 32 and 33: Correlation and Regression Flashcards
What does correlation do?
It quantifies the association between two continuous variables.
How do you find the coefficient of variation?
Divide the Standard Deviation by the mean
Does the coefficient of variation have units?
No
What is the coefficient of variation useful for?
It is useful for comparing the Standard Deviation to the mean and for comparing the scatter of variables measured in different units.
What is another term for correlation?
Covariation
What does the Correlation Coefficient (r) measure?
It measures the direction and magnitude of the linear correlation.
What are the values for the Correlation Coefficient?
-1 to 1
What does zero mean in regard to the Correlation Coefficient?
Zero means no correlation
What does a positive Correlation Coefficient mean?
It means the variables increase or decrease together.
What does a negative Correlation Coefficient mean?
It means the variables are inversely related.
In regard to the Correlation Coefficient, what does a 95% CI mean?
It means there is a 95% chance that the CI (of r) includes the population correlation coefficient.
The CI is not symmetrical unless…why?
the r=0 because r cannot be greater than 1.0 or
When is the Correlation Coefficient more symmetrical?
When the CI is large.
What is r squared?
The fraction of the variance shared between the two variables.
In correlation, what is the null hypothesis?
The null hypothesis is that there is no correlation.