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2 cards from this section. Quick, good the night before a test.
Define correlation.
Think about how two things relate to each other.
What does a positive correlation mean?
Consider variables that typically rise together, like income and expenditure.
What is the range of Pearson's correlation coefficient?
Visualize the graph showing extremes.
Are correlation and causation the same?
Think of examples where two events occur together without cause.
Calculate the Karl Pearson’s coefficient for the following sets of data on the heights and weights of students: Heights (in cm) = [150, 160, 170, 180] and Weights (in kg) = [50, 60, 65, 70].
Remember to standardize using the variance.
Discuss a case where correlation was mistaken for causation in marketing data and explain the consequences.
Reflect on the importance of critical analysis of data before conclusions.
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