Asked by Ashiqul Alam Ashiq on Sep 28, 2024
Which statement does NOT accurately describe the correlation coefficient
A) The strength of the relationship between the two variables is described by the mathematical value.
B) A value near zero indicates no relationship between the two variables.
C) High values indicate that the two variables have a cause-and-effect relationship.
D) The type of relationship between the two variables is described by whether the value is positive or negative.
Correlation Coefficient
A numerical indicator showing the degree to which multiple variables co-vary.
Cause-and-Effect Relationship
A connection between two events where one event (cause) leads to the outcome of another event (effect).
- Understand the importance of correlation coefficients in forecasting the relationships among variables.
Learning Objectives
- Understand the importance of correlation coefficients in forecasting the relationships among variables.
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