Calculating the correlation coefficient using the ________ function is useful to determine the type and strength of a relationship between two variables.
A)CAUSATION
B)COVARIANCE.S
C)CORREL
D)COVARIANCE.P

Question

Quizplus · Accepted Answer

The CORREL function in Excel calculates the correlation coefficient between two variables. The correlation coefficient is a statistical measure that indicates the strength and direction of the relationship between two variables. It ranges from -1 to 1, with values closer to -1 indicating a negative correlation, values closer to 1 indicating a positive correlation, and values closer to 0 indicating a weak or no correlation. Therefore, option C) CORREL is the correct choice for calculating the correlation coefficient.

Calculating the Correlation Coefficient Using the ________ Function Is Useful