Question: Knives Chau runs a correlation between 3 variables. The correlation coefficients are given in the following table. Diagonal means a variable's correlation with with itself,

Knives Chau runs a correlation between 3

Knives Chau runs a correlation between 3 variables. The correlation coefficients are given in the following table. Diagonal means a variable's correlation with with itself, so it will be 1. The off-diagonal elements indicate correlation between a pair of variables (row variable & column variable). The sample size is 231 (n). How would you interpret these correlations? Can you calculate the t-stat for each pair and interpret the results? Variable 2 Variable 3 Variable 1 Variable 2 Variable 3 Variable 1 1 |-.13 0.90 1 0.31 1

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