Key Terms
- Coefficient of Correlation
- a measure developed by Karl Pearson (early 1900s) that gives the strength of association between the independent variable and the dependent variable; the formula is:
where n is the number of data points. The coefficient cannot be more than 1 or less than –1. The closer the coefficient is to ±1, the stronger the evidence of a significant linear relationship between x and y.
- Outlier
- an observation that does not fit the rest of the data