Question: Suppose you compute the correlation coefficient between two variables, X and Y , and obtain a value of 0.55. Then you realize that all the

Suppose you compute the correlation coefficient between two variables, X and Y, and obtain a value of 0.55. Then you realize that all the values for both variables have been corrupted in a way that their actual sign has been changed (positive values were turned into negative values and vice versa; only the signs have been changed). Then the actual, corrected value of the correlation coefficient ______.

A.is 0.50

B. remains unchanged

C.is −0.55

D. changes but there is not enough information to determine the correct value

E.is 0


Step by Step Solution

3.31 Rating (154 Votes )

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 Accounting Questions!