Asked by Deniza Marcinkevica on Jun 07, 2024
Verified
The correlation coefficient ranges between
A) 0 and 1.
B) -1 and +1.
C) minus infinity and plus infinity.
D) 1 and 100.
Correlation Coefficient
A numerical measure that indicates the strength and direction of a linear relationship between two variables.
- Acquire insight into the theories and numerical methods associated with the coefficient of variation and correlation.
Verified Answer
ZK
Zybrea KnightJun 09, 2024
Final Answer :
B
Explanation :
The correlation coefficient can range from -1 to +1, indicating the strength and direction of the linear relationship between two variables. A correlation of +1 indicates a perfect positive linear relationship, while a correlation of -1 indicates a perfect negative linear relationship. A correlation of 0 indicates no linear relationship between the variables.
Learning Objectives
- Acquire insight into the theories and numerical methods associated with the coefficient of variation and correlation.
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