The document discusses bivariate distribution and correlation. It defines bivariate distribution as a distribution where each individual or unit of a set assumes two values, relating to two different variables. Correlation analyzes the relationship between two variables in a bivariate distribution. There are different types of correlation like positive, negative, no correlation, perfect correlation and weak/strong correlation. The coefficient of correlation, calculated using Pearson's method, measures the degree of association between two related variables. Regression analysis involves predicting the value of one variable based on the known value of another variable if they are significantly correlated.