MCQ
When the mean of series is a decimal number, then which method should be used for computing Karl Pearson’s coefficient of correlation?
- AStep Deviation Method
- BShort-cut Method
- CIndirect method
- DDirect Method
(b) Short-cut Method
Explanation: To avoid difficult calculations due to mean being in fraction, deviations are taken from assumed means while calculating coefficient of correlation. The formula is also modified for standard deviations because deviations are taken from assumed means.
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