Compute Karl Pearson's coefficient of correlation between per capita National Income and per capita Consumer Expenditure from the data given below : Per Capita Consumer Expenditure "000) Per Capita National Income '000) Years 1998 249 237 1999 251 238 2000 248 236 2001 252 240 2002 258 245 2003 269 255 2004 271 254 nob 2005 272 252 2006 280 258 2007 275 251 Also calculate probable error. Solution. Since the actual means of X and Y variable are not whole number, we should apply the assumed mean method of finding correlation

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Compute Karl Pearson's coefficient of correlation between per capita
National Income and per capita Consumer Expenditure from the data given below :
Per Capita
Consumer Expenditure
000)
Per Capita
National Income
"000)
Years
1998
249
237
1999
251
238
2000
248
236
2001
252
240
2002
258
245
2003
269
255
2004
271
254
2005
272
252
2006
280
258
2007
275
251
Also calculate probable error.
Solution. Since the actual means of X and Y variable are not whole number, we should
apply the assumed mean method of finding correlation
Transcribed Image Text:Compute Karl Pearson's coefficient of correlation between per capita National Income and per capita Consumer Expenditure from the data given below : Per Capita Consumer Expenditure 000) Per Capita National Income "000) Years 1998 249 237 1999 251 238 2000 248 236 2001 252 240 2002 258 245 2003 269 255 2004 271 254 2005 272 252 2006 280 258 2007 275 251 Also calculate probable error. Solution. Since the actual means of X and Y variable are not whole number, we should apply the assumed mean method of finding correlation
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