There is a correlation between income and education. We find that people with higher income have more years of education.
GIVE A STATISTICAL EXAMPLE OR EQUATION OF THIS: When we know there is a correlation between two variables, we can make a prediction. If we know a group's income, we can predict their years of education.© BrainMass Inc. brainmass.com March 4, 2021, 7:53 pm ad1c9bdddf
The correlation coefficient indicates the strength of relationship between two variables. A correlation coefficient of more than 80% indicates a very strong correlation, ...
This solution explains the correlation between income and education.