Intro to Stats
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[3-6] Correlation is a measure of the direction and strength of the linear (straight-line) associ...
The phi correlation coefficient is a measure for the direction and strength of the linear relationship between two ________ variables.
QUESTION 6 Suppose the correlation coefficient between two variables is found to be -0.94. Which of the following statements are true? there is a strong tendency for small values of one variable to be associated with large values of the other variable there is a weak negative relationship between the variables a scatter plot of the data points would show a clear downward trend there is a strong tendency for low values of one variable to be paired with low...
1. construct a scatter plot for the variables 2. compute the value of the correlation coefficient 3. give an explanation of the type nof relationship that exists between the two variables. The explanation should be a short paragraph. In this paragraph inclue the following: *say whether the is a strong positiv elinear correlation, weak positive linear correlation, strong ngative linear correlation, weak negative correlation, or no linear correlation between the two variables. *explain how you can see this from the...
Which of the following best describes correlation? a.) Correlation measures the strength of the relationship between any two variables. b.) Correlation measures the strength of the linear association between two categorical variables. c.) Correlation measures how much a change in the explanatory variable causes a change in the response variable. d.) Correlation measures the strength of the linear relationship between two quantitative variables.
Find the covariance and correlation coefficient for the following sets of data. Select the answers equal to or closest to your results. X: 50 44 47 40 54 Y: 10 13 95 7 Cov What does each measure tell you? Check all that apply. The covariance tells you that there is a weak or nonexistent linear relationship between X and Y The covariance and correlation coefficient tell you that there is a positive linear relationship between X and Y. The...
A research analyst states that the correlation between two variables is statistically significant from zero (with r = 0.85). Which of the following conclusion is appropriate? High values of one variable tend to be associated with low values of the other variable. For every unit of change in one variable tend to be associated with .85 values of the other variable. (C) Any association between the two variables does not appear to be linear. (D) 0.85 indicates...
Determine whether the scatter diagram indicates that a linear relation may exist between the two variables. If the relation is linear, determine whether it indicates a positive or negative association betweon the variables. Use this information to answer the following. 40 Explanatory Do the two variables have a linear relationship? The data points do not have a lir ear relationship because they i e nainty in。B. a straight line The data po nts have a linear relationship because they to...
14. Multiple Choice Variables x and y have a correlation coefficient of r = 0.89. Which statement is best? a. There is a strong positive association between x and y and a straight line fit to the data cannot be substantially improved by fitting a curve to the data. b. There is a strong positive association between x and y and a straight line fit to the data can certainly be substantially improved by fitting a curve to the data....
The following information regarding a dependent variable (Y in $1000) and an independent variable (X) is provided. Y Dependent Variable 15 17 23 17 I. The least-squares estimate of the slope equals: II. The least-squares estimate of the intercept equals: III. If the independent variable increases by 2 units, the dependent variable is expected to a. decrease by $300 b. decrease by $3000 c. decrease by $3 d. decrease by $2 e. none of the above The letter corresponding...
The following information regarding a dependent variable (Y in $1000) and an independent variable (X) is provided. Y Dependent Variable 15 17 23 17 I. The least-squares estimate of the slope equals: II. The least-squares estimate of the intercept equals: III. If the independent variable increases by 2 units, the dependent variable is expected to a. decrease by $300 b. decrease by $3000 c. decrease by $3 d. decrease by $2 e. none of the above The letter corresponding...