When asterisks are used in a correlation matrix, they typically represent:
A)standardized regression coefficients
B)multivariate scatter diagrams
C)level of statistical significance
D)various predicted values

Question

Quizplus · Accepted Answer

Asterisks are commonly used in correlation matrices to denote the level of statistical significance between two variables. In most cases, more asterisks indicate greater significance, with a single asterisk representing p<0.05, two asterisks representing p<0.01, and three asterisks representing p<0.001. Therefore, option C is the best choice as it accurately describes the use of asterisks in correlation matrices.

When Asterisks Are Used in a Correlation Matrix, They Typically