If we assume that the conditions for correlation are met, which of the following are true? If
Question:
a) A correlation of 0.02 indicates a strong positive association.
b) Standardizing the variables will make the correlation 0.
c) Adding an outlier can dramatically change the correlation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
a False While the association is positive the value ...View the full answer
Answered By
CHARLES AMBILA
I am an experienced tutor with more than 7 years of experience. I have helped thousands of students pursue their academic goals. My primary objective as a tutor is to ensure that students have easy time handling their academic tasks.
5.00+
109+ Reviews
323+ Question Solved
Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
Question Posted:
Students also viewed these Statistics questions
-
If we assume that all boys have no sperm cells at age 11 (11.0 years) and all have sperm cells at age 18, then estimate the probability of first developing sperm cells at ages 12 (i.e., between 12.0...
-
Which of the following is true if an auditor performs non-audit services for a government entity? a. The scope of the audit must be reduced so that the auditor does not audit the area for which the...
-
If we assume that the change in weight from prepregnancy to 12 months is normally distributed, then what percent of women in the active group were at or below their pre-pregnancy weight at 12 months...
-
Look again at the financial forecasts for Growth-Tech given in Table 4.3. This time assume you know that the opportunity cost of capital is r = .12 (discard the .099 figure calculated in the text)....
-
Describe how a linear discriminant analysis model works. Identify and discuss the criticisms which have been made regarding the use of this type of model to make credit risk evaluations.
-
Calculate V o and I o in the circuit of Fig. 2.99. 30 70 200 V 20 5
-
You are vice president of sales for your company and are speaking with your sales managers from around the country. You have been asked by the CEO to prepare a 5-minute presentation on why time and...
-
(Multiple Choice) The Plaza Company originated late in 2006 and began operations on January 2, 2007. Plaza is engaged in conducting market research studies on behalf of manufacturers. Prior to the...
-
How do these parenting styles differ? How might each parenting style affect socioemotional development? What is an example of a behavior exhibited by both the parent and the child associated with...
-
Suppose that Amtrak is choosing whether or not to build a new high-speed railroad on the East Coast. Building the railroad will involve an initial up-front sunk cost k. To keep the accounting simple...
-
An advertising agent who created a regression model using amount spent on advertising to predict annual Sales for a company made these two statements. Assuming the calculations were done correctly,...
-
An economist investigated the association between a countrys Literacy Rate and Gross Domestic Product (GDP) and used the association to draw the following conclusions. Explain why each statement is...
-
The indifference curve represents: a. consumer income b. consumer preferences c. what consumers can afford d. what consumers actually purchase
-
Indicate whether each of the following statements is true or false by writing T or F i n t he a nswer c olumn. All states prohibit all forms of gambling.
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Trademark registrations are issued by the U.S. Patent and Trademark Offi ce of the...
-
Determine the HR of a roadway culvert flooded with 50 years of expected service life designed to carry a 100-year storm.
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Ownership of a trademark is typically noted by using the letter O in a circle.
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. It is illegal for a software producer to require that a user register his or her ownership...
-
Match each of the key terms with the definition that best fits it. ___________ A single occurrence of an entity type. Here are the key terms from the chapter. The page where each term is first...
-
What are the main distinctions between the different schools of legal interpretation?
-
Brokers generally agree that bonds are a better investment during times of low interest rates than during times of high interest rates. A survey of executives during a time of low interest rates...
-
Highway engineers in Ohio are painting white stripes on a highway. The stripes are supposed to be approximately 10 feet long. However, because of the machine, the operator, and the motion of the...
-
A computer manufacturer estimates that its line of minicomputers has, on average, 8.4 days of downtime per year. To test this claim, a researcher contacts seven companies that own one of these...
-
4. Methane burns in air with an equivalence ratio of =0.85, determine the composition of the products: What are the Mass Fractions of each species in the Products?
-
1. Describe the health and safety requirements of the area in which the installation activity is to take place, and the responsibility these requirements place on the learner 2. Describe the...
-
1. Which is easier for nucleation in solids, homogeneous or heterogeneous nucleation? What are the common defects present in solid solution (list at least five kinds of defects)? Are the defects...
Study smarter with the SolutionInn App