Question: 1.Describe a scenario where the Pearson correlation would be appropriate to use in calculating the strength of the relationship between two variables. Identify the variables

1.Describe a scenario where the Pearson correlation would be appropriate to use in calculating the strength of the relationship between two variables. Identify the variables and the measurement level of the data and explain why the variables are appropriate for use with the Pearson correlation. (3 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Explain the different ways that businesses can influence government. Which do you think is most effective? Why?

Explain organizational culture and its power to influence organizational practices, and give an example of how the power of culture influences internal workplace dynamics.You must use a source, must...

SUBJ: INTEGRAL CALCULUS ASSIGNMENT #3 (Trigonometric Integrals), part 2 16 points A. Evaluate the following integrals: 1. tan 'x dx 4 points 2. csc* x dx 4 points 3 . tan' 3x sec 3xdx 4 points 4....

INCIDENT SECTION: This section is a detailed description of the use of force incident. What actions the civilian and the officer took prior, during and after the incident. Do not include another...

1. Provide examples of (a) univariate data and (b) bivariate data. What is it about each example that makes it an appropriate example of the data type? 2. Describe a scenario where the Pearson...

Describe a scenario where the Pearson correlation would be appropriate to use in calculating the strength of the relationship between two variables. Identify the variables and explain the rationale...

2. Describe a scenario where the Pearson correlation would be appropriate to use in calculating the strength of the relationship between two variables. Identify the variables and explain the...

3. Describe a scenario where the Spearman correlation would be appropriate to use in calculating the strength of the relationship between two variables. Identify the variables and explain the...

1 of20 The F -ratio is typically used to test differences between a sample and a population mean. two independent means. two dependent means. three or more means. Question 2 of20 To determine whether...

Week 2: Understanding and Exploring Assumptions You will submit one Word document, including your SPSS output. 1. Why do we care whether the assumptions required for statistical tests are met? (Tip:...

explain and provide relevant code usage examples for the following Standard UNIX SOCKET API function in C Socket Bind Listen Accept Connect

The National Federation of Independent Business (NFIB) survey contacted 130 small firms. One of the many inquiries was to determine the number of employees the firms had. The file titled Employees...

A U . S . firm needs 5 0 million in 6 0 days. The current spot rate is $ 0 . 0 0 9 2 per yen. If the firm can invest in Japanese securities at 1 . 2 % annualized and borrow in USD at 3 % , what is...

Poco Company purchased 85% of the outstanding common stock of Serena Company on December 31, 2009, for $310,000 cash. On that date, Serena Companys stockholders equity consisted of the following:...

The declaration, record, and payment dates in connection with a cash dividend of $1,250,000 on a corporation's common stock are August 1, October 15, and November 14. Journalize the entries required...

Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 50,000 shares of preferred 2% stock, $40 par and 1,000,000...

On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 12,500 shares of $25 par common stock with a current market price of $38. Journalize the entry...

At the beginning of 2009, Presidio Company purchased 95% of the common stock of Succo Company for $494,000. On that date, Succo Companys stockholders equity consisted of the following: Common...

Determine if the overhead allocated to the product relates to a single plantwide overhead rate method, multiple production department factory overhead rate method, or activity-based costing...

We argued that the diversification effect occurs whenever the correlation between the two securities is below LO.1

The relationship between the expected return on individual securities and the expected return on a portfolio made up of these securities.

The relationship between the standard deviations of individual securities, the correlations between these securities, and the standard deviation of a portfolio made up of these securities. LO.1