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the odds of it landing on heads two out of the 3 times is fair and ultimately and even 1/2 chance it will land on heads, as it has a 1/2 chance it will land on tails.
Hope this helps
The data points are a little closer for a weak correlation, and you can see that there is some sort of relationship between these factors.
Data points for a strong correlation are in close proximity to one another, making it possible to build a line by imitating their pattern.
A statistic called correlation gauges how much two variables change in connection to one another.
Correlation and diversification, the idea that certain types of risk can be reduced by investing in assets that are not connected, are closely related concepts.
Correlation cannot determine whether x causes y or vice versa, or whether a third component is responsible for the association.
A scatter plot may make it easier to spot correlation, particularly when the variables have a non-linear but nevertheless significant association.
Learn more about correlation here:
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Step-by-step explanation:
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Step-by-step explanation:
