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Question
In: Statistics and Probability
Determine whether each statement is true or false. If the statement is false, explain why. Even if the correlation coefficient is high (near + 1) or low (near - 1), it may not be significant.
Determine whether each statement is true or false. If the statement is false, explain why.
Even if the correlation coefficient is high (near + 1) or low (near - 1), it may not be significant.
Solutions
Expert Solution
True
Explanation:
Since the value of r is computed from data obtained from samples, there are two possibilities when r is not equal to zero: either the value of r is high enough to conclude that there is a significant linear relationship between the variables, or the value of r is due to chance.
True
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