Question: You used the statistical programs to calculate the correlations between TIPAMT and each of these 3 variables #PRTY, #EYECNT, #TRPS. The correlations are as follows

You used the statistical programs to calculate the correlations between TIPAMT and each of these 3 variables #PRTY, #EYECNT, #TRPS. The correlations are as follows .69, .73, -.14. How useful are these correlations? Select one: a. They are not very useful as the correlation between TIPAMT and other variables may vanish once they are all in one regression equation b. They are very useful are they show how TIPAMT is associated with some important variables

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!