Cov (X, Y)

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Statistical Tools

Statistical methods are the mathematical techniques used to facilitate the analysis and
interpretation of numerical data secured from groups of individuals or group of observation from
a single individual. Statistical method studies only a group of individuals but not a single unit.
Introduction of statistical tools which have been used in this study are given below.

Karl Pearson’s correlation coefficient method


Karl’s Pearson’s method is most widely used method of measuring the relationship between two
variables. The relation between two variable say ‘x’ and ‘y’ for a given set of ‘n’ observation as
defined by Pearson’s correlation coefficient is measured by ‘r’
cov (x,y )
r = σx , σy
where, cov (x,y) = Covariance between variable x and y is given by

∑ ( x− x̄)( y- { ȳ ) ¿
r= n

∑ xy
or r(x,y)= nσx σy
where x= (X- X̄ )

y=(Y- Ȳ )
Standard deviation of x series is given by.

∑ x2 ∑ ( X− X̄ )2
σx= √ n = √ n
Standard deviation of y series is given by.

∑ y2 ∑ (Y −Ȳ )2
σy= √ n = √ n
X̄ = Mean of variable x
Ȳ= Mean of variable y
n= number of pairs of x and y observation

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