i. A coefficient of correlation r close to 0 (say, 0.08) shows that the relationship between two variables is quite weak.
Ii) A coefficient of correlation of -0.96 indicates a very weak negative correlation.
iii. The coefficient of determination can only be positive.
A) (i) , (ii) and (iii) are all correct statements
B) (i) and (ii) are correct statements, but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) All statements are false
Correct Answer:
Verified
Q48: A sales manager for an advertising agency
Q49: A sales manager for an advertising agency
Q50: Data is collected from 20 sales people
Q51: i. The purpose of correlation analysis is
Q52: i. A coefficient of correlation r close
Q54: i. The strength of the correlation between
Q55: i. The purpose of correlation analysis is
Q56: i. The purpose of correlation analysis is
Q57: We have collected price per share and
Q58: i. A coefficient of correlation r close
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents