Statistics, Statistical Analysis, Random Variable, Discrete Random Variable, Mathematics.
Correlation Coefficient The correlation coefficient or correlation of two random variables X and Y, denoted by ρ(X, Y ), is defined as Correlation coefficient ρ(X, Y ) summarizes the trend between random variables. Properties Of Correlation Coefficient -1 ≤ ρ(X,Y) ≤1 ρ(X, Y ) is a dimensionless