Question

In: Statistics and Probability

if I have a correlation of 0.05664869 what does that mean

if I have a correlation of 0.05664869 what does that mean

Solutions

Expert Solution

The value of the correlation coefficient lies in between -1 to 1

In our case the value is positive and the positive correlation means that if one variable gets bigger than the other will also tend to gets bigger ( directly proportional)

And in our case, the linear relationship is weak as the correlation coefficient is close to zero


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