Question: What is the difference between a correlation equal to 1 and a correlation equal to 0?

What is the difference between a correlation equal to −1 and a correlation equal to 0?

Step by Step Solution

★★★★★

3.46 Rating (172 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Answer A correlation equal to 1 means two alternatives ar... View full answer

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!

Q:

What is the difference between finding a correlation between two variables and establishing causality between two variables?

Q:

What is the difference between the covariance and the correlation coefficient?

Q:

What is the difference between a Type 1 and Type II report? What conditions might cause the auditor to decide that more evidence is needed beyond a Type II report?

Q:

In the following line of code, which is/are the parameter(s), the object, and the function? aov1

Q:

Dave Foreman, cost accounting manager for Calzado Products, was asked to determine the costs of the activities performed within the companys engineering department. The department has the following...

Q:

Bob Randall, cost accounting manager for Hemple Products, was asked to determine the costs of the activities performed within the companys Manufacturing Engineering Department. The department has the...

Q:

Exercise R2.9 fit a regression model to the relationship between BCI and pH in streams sampled in the Adirondack Mountains. More variables are available. For example, scientists also recorded the...

Q:

What is the difference between Pearson correlation and multiple correlation?

Q:

Bob Randall, cost accounting manager for Hemple Products, was asked to determine the costs of the activities performed within the companys manufacturing engineering department. The department has the...

Q:

Bob Randall, cost accounting manager for Hemple Products, was asked to determine the costs of the activities performed within the companys Manufacturing Engineering Department. The department has the...

Q:

The Isabelle Corporation rents prom dresses in its stores across the southern United States. It has just issued a five-year, zero-coupon corporate bond at a price of $74. You have purchased this bond...

Q:

Interest on governmental bonds is often referred to as a permanent difference when determining the proper amount to report for deferred taxes. Explain the meaning of permanent differences, and give...

Q:

Evaluate \ :each \ :integral \ :based \ :on \ :inverse \ :trigonometric \ :functions \ : \ int \ frac { dx } { \ sqrt { 1 - 1 6 x ^ 2 } }

Q:

Provincial Imports, Inc., has assembled past (2012) financial statements (income statement below and balance sheet on page 156) and financial projections for use in preparing financial plans for the...

Q:

A company estimates an allowance for inventory obsolescence. However, this estimate is sensitive to changes in the short term. What are the disclosures required by current GAAP?

Q:

Given the information for Jordan's Golf Shop, Inc., in the previous two problems, suppose you also know that the firm's net capital spending for 2015 was $975,000 and that the firm reduced its net...

Q:

Consider a study of drug dealers and their motivation for participating in the illegal drug market (Applied Psychology in Criminal Justice, September 2009). The sample consisted of 100 convicted drug...

Q:

As the estimator for Rajendra Tibrewala Enterprises, your job is to prepare an estimate for a potential customer service contract. The contract is for the service of diesel locomotive cylinder heads....

Q:

Give me the correct answer 7. Within the Fijian judicial system, how is an ACT is prepared before being implemented for environmental conservation? a. Identifying the need and policy development. b....

Q:

The descriptives for following scales: RCT total RSC total DES total RUS total SUS total BFI Neuroticism BFI Agreeableness The correlations between RCT total and RSC total RUS total and SUS total DES...

Q:

ID Salary Compa Midpoint Age Performance Service Gender Rating Raise Degree Gender 1 Gr Students: Copy the Student Data file data values into this sheet to assist in doing your weekly assignments....

Q:

Problem 1. The end-of-month closing prices for Eastman Kodak and Archer Daniels Midland are given below. Kodak paid a $0.50 cash dividend per share on August 28 and November 27. ADM paid cash...

Q:

Please describe which tests to use and reasoning for answers GENDER Respondent's Gender (1: male, 2 = female) GPA Respondent's cumulative grade point average WSTAT Work status (1 = work full-time, 2...

Q:

1-) From the following data chart: ANOVA Time Sum of Squares. df Mean Square F Sig. Between Groups Within Groups Total 91.457 276.400 367.867 2 27 29 45.733 10.237 4.467 .021 Answer the questions:...

Q:

NORES/REFERENCE: CORRELATION AS TOOL IN DETERMINING VALIDITY AND RELIABILITY OF TEST. earning Outcome: All must have computed correlation coefficient of two data sets. Interpreted the result. 2....