Correlation and RegressionMCQPYQ June 22Question 3644 of 188
All Questions

Karl Pearson Correlation Coefficient method is used for -

Options

AAny data
BScattered data
CGrouped data
DUngrouped data
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Correct Answer

Option dUngrouped data

All Options:

  • AAny data
  • BScattered data
  • CGrouped data
  • DUngrouped data

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Detailed Solution & Explanation

**Applicability of Karl Pearson's Correlation Coefficient:** Karl Pearson's correlation coefficient method: - Uses actual numerical data values - Requires quantitative continuous data - Works best with **ungrouped data** (raw data) - Can technically be applied to grouped data too, but it is primarily designed for and most commonly applied to **ungrouped (raw) data** **Comparison:** - Karl Pearson's method: For **ungrouped quantitative** data - Spearman's rank correlation: For qualitative data or when ranks are given - Concurrent deviations method: For a quick rough measure with large data sets Hence, **Option D** is the correct answer.

About This Chapter: Correlation and Regression

Paper

Paper 3: Quantitative Aptitude

Weightage

4-6 Marks

Key Topics

Correlation Coefficient, Regression Equations

This chapter covers Correlation Coefficient, Regression Equations and is part of Paper 3: Quantitative Aptitude in the CA Foundation exam.

View Official ICAI Syllabus

Exam Strategy Tip

This topic carries 4-6 Marks weightage. Focus on understanding core concepts rather than memorizing.

Key Concepts to Understand

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