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'''Correlation''' refers to how a characteristic is common to a group, as in the '''correlation''' between hard work and success. The correlation is usually not 100%, as a few people may succeed without hard work, and a few people may fail with hard work. But there is a correlation if typically hard work does result in success.
'''Correlation''' refers to how a characteristic is common to a group, as in the '''correlation''' between hard work and success. The correlation is usually not 100%, as a few people may succeed without hard work, and a few people may fail with hard work. But there is a correlation if typically hard work does result in success, and without hard work there is often a lack of success.
The '''correlation coefficient''', also known as '''Pearson's r''', is a statistical measure of association between two ratio variables. It is defined as:
The '''correlation coefficient''', also known as '''Pearson's r''', is a statistical measure of association between two ratio variables. It is defined as: