Question: For the data in the table below: i. What do the correlation coefficients of 1, shaded in yellow, indicate? ii. The highest correlation coefficient is
For the data in the table below:
i. What do the correlation coefficients of 1, shaded in yellow, indicate?
ii. The highest correlation coefficient is 0.84, shaded in green. What can you infer from that score about the relationship between the two variables?
iii.The two lowest correlation coefficients are 0.06 and -0.06. What can you infer from that score about the relationship between the two variables?
r correlation coefficient Assets Expense Ratio Return 2006 3-Year Return 5-Year Return Assets 1 1.00 Expense Ratio Return 2006 -0.29 1.00 0.70 0.59 0.08 -0.13 3-Year Return 5-Year Return 0.07 0.06 1.00 0.84 -0.11 -0.06 1.00
Step by Step Solution
3.37 Rating (156 Votes )
There are 3 Steps involved in it
Lets go through each part of the question i Correlation Coefficients of 1 What it indicates A correl... View full answer
Get step-by-step solutions from verified subject matter experts
