September 2015
Beginner to intermediate
608 pages
13h 43m
English
Pearson's correlation is often given the variable name r and is calculated in the following way, where dxi and dyi are calculated as before:

Since the standard deviations are constant values for the variables X and Y the equation can be simplified to the following, where σx and σy are the standard deviations of X and Y respectively:

This is sometimes referred to as Pearson's product-moment correlation coefficient or simply just the correlation coefficient and is usually denoted by the letter r.
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