Range of values for a coefficient of correlation

Reference no: EM1317436

Multiple choices based on the Correlation.

1. What does a coefficient of correlation of 0.70 mean?
a. Almost no correlation because 0.70 is close to 1.0
b.70% of the variation in one variable is explained by the other
c. Coefficient of determination is 0.49
d. Coefficient of non-determination is 0.30
e. None of the above

2. What is the range of values for a coefficient of correlation?
a. 0 to +1.0
b. -3 to +3 inclusive
c. -1.0 to +1.0 inclusive
d. Unlimited range
e. None of the above

3. What degree of relationship do values of the correlation coefficient (r)with magnitudes close to 1.00 indicate?
a. Strong
b.Moderate
c. Weak
d. None

Reference no: EM1317436

Questions Cloud

Estimate the total value of her inventory : A stationery store wants to estimate the mean retail value of greeting cards that it has in its inventory. A random sample of 100 greeting cards indicates a mean value of $2.55 and a standard deviation of $0.44.

Find the zeros for the polynomial function : Find the zeros for the polynomial function.

How to test the difference in two proportions : A test was conducted to find out whether gender of a spokesperson affected the likelihood that consumers would prefer a new product. A survey of consumers at trade show employing a female spokesperson determined that 70 out of 150 customers prefe..

Current ratio as well as the changes based on various action : Current ratio as well as the changes based on various actions and How would the following actions affect a firm current ratio

Range of values for a coefficient of correlation : Illustrate is the range of values for a coefficient of correlation. Illustrate degree of relationship do values of the correlation coefficient (r)with magnitudes close to 1.00 indicate.

Matching the polynomial function with graph : Matching the polynomial function with graph.

Computate of rate of return and selection of a project : Computate of rate of return and selection of a project and which one of the following statements is correct given these two investment options

What is the two tailed probability : A sample of ten ER patients was conducted to determine their average wait time and to compare this to the target wait time. The hospital wants to make sure that patients do not wait more than 35 minutes. Test following hypotheses using a 95% con..

Statements regarding the coefficient of correlation is true : Which of the following statements regarding the coefficient of correlation is true. A value of 0.00 indicates two variables are not related.

User Account

All Pages