Pearson's correlation between two binary outcomes takes values between two bounds defined according to the probabilities of the binary outcomes.
This function calculates the upper bound of the correlation based on the probabilities of two binary outcomes.
Usage
upper_corr(p_e1, p_e2)
Value
Returns the maximum value that the correlation between the two outcomes can take.
Arguments
p_e1
numeric parameter, probability of the event E1
p_e2
numeric parameter, probability of the event E2
Details
upper_corr returns a numeric value between 0 and 1.