What is a correlation coefficient? Why is it useful?
Question:
What is a correlation coefficient? Why is it useful?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
Correlation coefficients measure the strength of the relations...View the full answer
Answered By
Sandra Dimaala
Sandra from Philippines ,LICENSED PROFESSIONAL TEACHER.
Teachers are our nation builders—the strength of every profession in our country grows out of the knowledge and skills that teachers help to instill in our children. And, as a nation, we must do much, much more to fully appreciate and support their work.
0.00
0 Reviews
10+ Question Solved
Related Book For
Managerial Decision Modeling Business Analytics With Spreadsheet
ISBN: 9781501515101
4th Edition
Authors: Nagraj Balakrishnan, Barry Render, Ralph Stair, Charles Munson
Question Posted:
Students also viewed these Business questions
-
What is tire correlation coefficient and how it is used in associative regression model? What does it mean if correlation coefficient is negative?
-
Why cant you obtain a correlation coefficient greater than 1?
-
What does it mean when a correlation coefficient is negative? Can you think of examples?
-
Use the limit definition of the definite integral with right Riemann sums and a regular partion to evaluate the following definite integrals. Use the Fundamental Theorem of Calculus to check your...
-
Write a rate equation, showing the dependence of rate on reactant concentrations, for each of the following elementary reactions. a. O3 O2 + O b. NOCl2 + NO 2NOCl
-
Contrast past and present business environments with regard to the following aspects: basis of competition, manufacturing processes and manufacturing technology, required labor skills, emphasis on...
-
A moving particle carrying charge \(e\) traveling to the right at \(2.5 \times 10^{7} \mathrm{~m} / \mathrm{s}\) initially feels no magnetic force. When a long current-carrying wire is placed...
-
A consulting firms accounting records show the following costs for year 1: Direct materials supplies . . . . . . . . . . . . . . $ 360,000 Direct labor . . . . . . . . . . . . . . . . . . . . . . . ....
-
The amount of realized gain to be recognized in a tax year is equal to the gross profit multiplied by the ratio of payments received in the current year divided by the total contract price. ...
-
What is the problem statement in the following situation? (1 statement) Employee Loyalty: Companies benefit through employee loyalty. Crude downsizing in organizations during the recession crushed...
-
Explain how Solver can be used to identify the optimal weights in the weighted moving averages model.
-
In the old game show Lets Make a Deal, contestants chose one of three curtains, behind which were either fabulous prizes or nothing, or worse (sometimes booby prizes would be behind a curtain)....
-
Did Dragons identity theft warrant this sentence?
-
For all the hand-waving about a flat world (e.g., Thomas Friedman) how does geography still matter? Consider various aspects of geography, such as distance, culture, law, economic differences: how do...
-
In business, is a party to contract negotiations obligated to provide translation services to other parties?
-
Describe the findings in the study in our readings on how teacher quality has changed over time (Corcoran - "Long-Run Trends in the Quality of Teachers"). In describing the findings make sure you...
-
Border Searches of Your Electronic Devices As a disclaimer, this assignment deviates from the normal material for this chapter. However, given its relevancy and how it directly impacts anybody...
-
An expression that occurs in calculus is given. Simplify the expression. (5x+7)2xx? .5 (5x+7)
-
Let C3 have the Euclidean inner product. Which of the following form orthonormal sets? 0.4-) (4-4-4) (4-0 )
-
Use Stokes' Theorem to evaluate f(y+sin x) dx+(z+cos y) dy+rdz, where C is the rve r(t) = (sint, cost, sin 2t), t = [0, 2].
-
What alternatives does a producer have if it is trying to expand distribution in a foreign market and finds that the best existing merchant wholesalers wont handle imported products?
-
Discuss the future growth and nature of wholesaling if chains, scrambled merchandising, and the Internet continue to become more important. How will wholesalers have to adjust their mixes? Will...
-
Art Glass Productions, a producer of decorative glass gift items, wants to expand into a new territory. Ma n agers at Art Glass know that unit sales in the new territory will be affected by consumer...
-
The Federal Reserve took the emergency step of cutting the benchmark U.S., an attempt to limit the economic and financial fallout from the coronavirus. Consider the bond with a duration of is 6.06...
-
Mulligan's Golf Supplies owed long-term debt of $3.0 million at the end of 2010. This increased to $3.5 million at the end of 2011. If interest expense in 2011 was $600,000, what was the cash flow to...
-
In a certain CMBS issue, $500 million of senior securities and $100 million of mezzanine (junior) securities are issued.The coupon on the senior securities is 7% and that on the mezzanine is 9%.The...
A Guide To R For Social And Behavioral Science Statistics 1st Edition - ISBN: 1544344023 - Free Book
Study smarter with the SolutionInn App