UoH 2020 Question 11: Joint distributions, covariance and correlation
Information on Gini coefficient and Correlation coefficient values are given below:
I. Gini coefficient value ranges from 0 to +1
II. Gini coefficient value ranges from +1 to -1
III. Gini coefficient value ranges from 0 to +100
IV. Pearson's correlation coefficient value ranges from -1 to +1
V. Pearson's correlation coefficient value ranges from 0 to +1
VI. Pearson's correlation coefficient value ranges from +1 to +100
Which one of the following is correct?
Tap an option to check your answer.
Answer and worked solution
Checking your account…
Joint distributions, covariance and correlation has come up 61 times in 7 exams since 2005.
What this question tests
This question is on The correlation coefficient, part of Joint distributions, covariance and correlation in Statistics.
The standardised measure of linear association and what it can and cannot show.
TestStop has 35 past-paper questions on this subtopic.
