Suppose there is a perfect negative correlation between the amount of money that Jane spends and the amount of money that she has in her bank account: for every dollar that she spends, she has exactly one less dollar in her bank account (assuming no interest, fees, or credits). Thus, the correlation between Jane's spending and savings can be represented as ____.
A)r = −100
B)r = −1.00
C)r = 0.00
D)r = 100

Question

Quizplus · Accepted Answer

A perfect negative correlation is represented by a correlation coefficient of -1.00, indicating that as one variable increases, the other decreases in a perfectly linear manner.

Suppose There Is a Perfect Negative Correlation Between the Amount