Business Modeling

  1. What might be the actual correlation between real ages of mothers and sons in the United States? Choose one of the options below, and think why.

    1. close to 1

    2. exactly 1

    3. close to −1

    4. exactly −1

    5. exactly 0

  2. What's the difference between correlation and covariance? Read this & practise the problems at the bottom of the page.

  3. Please answer the questions in the spreadsheet based on the data. You will have to download the excel file to answer.