Correlation Analysis ISC Class-11 Maths ML Aggarwal Solutions

Correlation Analysis ISC Class-11 Maths ML Aggarwal Solutions Chapter-2. Step by step Solutions of ML Aggarwal ISC Class-11 Mathematics with Exe-2.1, Exe-2.2, Exe-2.3, and Chapter Test Questions. Visit official Website CISCE for detail information about ISC Board Class-11 Mathematics.

Correlation Analysis ISC Class-11 Maths ML Aggarwal Solutions

Board	ISC
Class	11
Subject	Mathematics
Ch-2, Sec-C	Correlation Analysis
Session	2024-25
Topics	Solutions of ML Aggarwal

Correlation Analysis

Meaning of Correlation:  Correlation is a statistical tool which studies the relationship between two variables e.g. change in price leads to change in quantity demanded.
Correlation studies and measures the direction and intensity of relationship among variables. It measures co-variation not causation. It does not imply cause and effect relation.

Type of Correlation :

Correlation is classified into positive and negative correlation. The correlation is said to be positive when the variables move together in the same direction. e.g. sale of lce cream and temperature move in same direction.
The correlation is said to be negative when the variables move in opposite direction. e.g. When you spend more time in studying chances of your failure decline.

Positive Correlation are:

1. Price and supply of a commodity.
2. Increase in Height and Weight.
3. Age of husband and age of wife.
4. The family income and expenditure on luxury items.

Negative Correlation are:

1. Sale of woollen garments and day temperature.
2. Price and Demand of a commodity.
3. Yield of crops and price.

Methods of Correlation:

(a) Scatter diagram
(b) Karl person’s coefficient of correlation.
(c) Spearman’s rank correlation.

Scatter diagram offers a graphic expression of the direction and degree of correlation. To construct a scatter diagram, x variables taken on X-axis and y variable is taken on Y-axis. The cluster of points, plotted is referred to as a scatter diagram. In this, the degree of closeness of scatter points and their overall direction enables us to examine the relationship.
Karl person’s coefficient of correlation is a quantitative method of calculating correlation. It gives a precise numerical value of the degree of linear relationship between two variables.
Karl person’s coefficient of correlation is also known as product moment correlation.

Importance or Significance of Correlation :

• The study of correlation shows the direction and degree of relationship between the variables.
• Correlation coefficient some times suggests cause and effect relationship.
• Correlation analysis facilitates business decisions because the trend path of one variable may suggest the expected changes in the other.
• Correlation analysis also helps policy formulation.

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Exe-2.1

Correlation Analysis ISC Class-11 Understanding Maths ML Aggarwal Solutions Chapter-2

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Exe-2.2

Correlation Analysis ISC Class-11 Maths Solutions

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Exe-2.3

Correlation Analysis ISC Class-11 Understanding Solutions

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Chapter Test

Correlation Analysis ISC Class-11 Understanding Maths ML Aggarwal Solutions Chapter-2

-: End of Correlation Analysis ISC Class-11 Understanding Maths ML Aggarwal Solutions Chapter-2 :-

Return to :-  ML Aggrawal ISC Class-11 Vol-2 Maths Solutions

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