What is the correlation coefficient and what does it assess? In your answer, be sure to address the following points: 1) the range of possible values the correlation coefficient can have, 2) the difference between a positive and negative correlation, and 3) the difference between the strength and direction of the correlation coefficient.

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The Answer of What is the correlation coefficient and what does it assess? In your answer, be sure to address the following points: 1) the range of possible values the correlation coefficient can have, 2) the difference between a positive and negative correlation, and 3) the difference between the strength and direction of the correlation coefficient.

What Is the Correlation Coefficient and What Does It Assess