[Solved] If there is a very strong correlation between two variables then the correlation coefficient must be

McqMate

Q.	If there is a very strong correlation between two variables then the correlation coefficient must be
A.	any value larger than 1
B.	much smaller than 0, if the correlation is negative
C.	much larger than 0, regardless of whether the correlation is negative or positive
D.	none of these alternatives is correct
Answer» B. much smaller than 0, if the correlation is negative

3.5k

0

Do you find this helpful?

28

View all MCQs in

Quantitative Methods for Economic Analysis 1

Discussion

No comments yet

Related MCQs

You have a correlation coefficient of 0.45 between two variables. How much variance would these two variables (to the nearest whole number) share, in percentage terms
A correlation coefficient of +0.40 could be considered
Which of the following could be value of correlation coefficient
The correlation coefficient is used to determine:
The _________coefficient (r) is a ratio between the covariance (variance shared by two variables) and a measure of the separate variances.
If the Pearson correlation co-efficient R is equal to 1 then:
If Spearman’s co-efficient of rank correlation is equal to one, then:
When two variables are correlated we can say
Considering the various types of tables and charts you have studied, which table, chart, diagram or plot would you use to depict categorical data for two variables in a visual format
If two variables are highly correlated, what do you know