  # .    Explain in detail what is meant by correlation.  a.    Give three examples of a positive correlation and three examples of a negative correlation.   b.    Describe at least one lurking variable for each of the correlations provided in part a.   c.    Describe one outlier that could occur with each of your examples from part a.

Question

.    Explain in detail what is meant by correlation.

a.    Give three examples of a positive correlation and three examples of a negative correlation.
b.    Describe at least one lurking variable for each of the correlations provided in part a.
c.    Describe one outlier that could occur with each of your examples from part a.

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Note Part b and c is answered along with a
Correlation is a measure of linear association between the variables. It tells are how strongly the variables are associated with each other
a)
Positive correlation examples
• Height vs weight. If height increases, weight will also increase
• Lurking Variable – amount of Eating. If people eats more, his height and weight both will increase
• Outlier – A person is very tall but its weights is very less
• Demand vs price. If the demand of product is high, then price will also be high
• Lurking Variable- Hoarding effects t...

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