which of the following represents the strongest linear correlation

Correlations tell us that there is a relationship between variables, but this does not necessarily mean that one variable causes the other to change. An Indian company is owed 5 million from a German company payable in 30 days. January measures the strength of the A company headquartered in Vancouver, British Columbia, is building a pipeline for a company in Russia. ) To have room for all the vegetables that he wants to grow, the area of the garden must be 100 square feet. (e.g., a recent version of Edge, Chrome, Firefox, or Opera), you can watch a video treatment of this lesson. Strong negative correlation:When the value of one variable increases, the value of the other variable tends to decrease. Each of the following financial instruments is a derivative except, Which of the following options is(are) worth exercising? March May When r is 1 or 1, all the points fall exactly on the line of best fit: When r is greater than .5 or less than .5, the points are close to the line of best fit: When r is between 0 and .3 or between 0 and .3, the points are far from the line of best fit: When r is 0, a line of best fit is not helpful in describing the relationship between the variables: Scribbr editors not only correct grammar and spelling mistakes, but also strengthen your writing by making sure your paper is free of vague language, redundant words, and awkward phrasing. a. Your email address will not be published. Investment Correlations range from -1.00 to +1.00. Study with Quizlet and memorize flashcards containing terms like If the correlation between variables X and Y is 0.95, which of the following is true?, Which of the following values of r represents the strongest degree of relationship between two variables?, What is the value of the Spearman rank order correlation coefficient (rho) for the following pairs of ranks? For example, a much lower correlation could be considered strong in a medical field compared to a technology field. 2 However, eating ice cream does not cause you to commit murder. How many direct labor hours will be required to manufacture the next 12 units? Solved While the mean provides a representative value of a - Chegg Assume that the following equation is being used: Kendra Cherry, MS,is the author of the "Everything Psychology Book (2nd Edition)"and has written thousands of articles on diverse psychology topics. How It Works and Example Calculation, relationship between oil prices and airfares, How to Calculate a Correlation Coefficient on a TI-84 Calculator. 1,700 The Pearson correlation coefficient (r) is the most widely used correlation coefficient and is known by many names: The Pearson correlation coefficient is a descriptive statistic, meaning that it summarizes the characteristics of a dataset. Percentage of variation in the dependent variable explained by the variation in the independent variables. Explain your reasoning. Correlation strength ranges from -1 to +1. These tests are considered to be 95%95 \%95% reliable. Pearson's correlation and common variance, Understanding why $|\operatorname{cov}(X,Y)| \leq \max \{\operatorname{var}(X), \operatorname{var}(Y) \}$ for two random variables $X, Y$. simple random sample, Hours of You can add some text and conditional formatting to clean up the result. Understanding the correlation between two stocks (or a single stock) and its industrycan help investors gauge how thestock is tradingrelative to its peers. \text{Correlation}=\rho=\frac{\text{cov}(X,Y)}{\sigma_X\sigma_Y} Math. You will only need to do this step once on your calculator. The correlation between car weight and car reliability is -0.30.

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