Examlex
The utility curve given below represents the preferences of a _________________ decision maker.
Pearson's Coefficient
A measure of the linear correlation between two variables, ranging from -1 to 1, where 1 means a perfect positive linear relationship and -1 a perfect negative linear relationship.
Spearman Rank
A rank correlation metric that is non-parametric and evaluates the extent to which two variables' association can be explained through a monotonic function.
Pearson Correlation
A statistical coefficient expressing the degree of linear relationship between two variables, measured on a scale from -1 to 1.
Ranking Data
A method of organizing data by assigning an ordinal or rank order to different values based on their size or importance.
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