Define positive correlation
As one variable increases so does the other
r>0
Define negative correlation
As one variable increases the other decreases
r<0
Advantages of PMCC
It gives a number to represent linear correlation
Disadvantage of PMCC
It does not mean anything if the data are not linear
When do you use Spearman’s rank
The data do not follow a linear pattern
Subjective
When do you use PMCC
Data must be objective
Data must follow a linear pattern on the scatter diagram
Advantage of spearman’s rank
It always means something
Disadvantage of Spearman’s rank
Can not determine if the association is linear or not
What happens if you shift or stretch PMCC or Spearman’s rank data
r and rs will stay the same
Is correlation a causation
No
Correlation is not a causation
There may be a third factor involved
What is the equation for the least square regression line
y=a+bx
What does the letter a in the least square regression line mean
y=a+bx
The expected y value when x = 0
What does the letter b mean in the least square regression line
y=a+bx
Expected increase in y for every increase of 1x
What does it mean when the residuals are small (r is close to 1 or -1)
The regression line may be a good fit and give reliable predictions
What does interpolation mean
When you predict using values that are within the range of the data cancelled
What does extrapolation mean
When you predict using values outside the range of data collected