Asked by Dylan Lauchner on May 26, 2024
Verified
When a correlation coefficient is near 1,there is little or no correlation between corresponding variables.
Correlation Coefficient
A statistical measure that indicates the extent to which two variables change together.
- Identify and clarify the implications of correlation coefficients.
Verified Answer
GW
Gursimran WarainchJun 02, 2024
Final Answer :
False
Explanation :
The statement is incorrect. When a correlation coefficient is near 1, it indicates a strong positive correlation between corresponding variables. A correlation coefficient of 0 indicates no correlation, and a negative correlation coefficient indicates a negative correlation.
Learning Objectives
- Identify and clarify the implications of correlation coefficients.