Economy, asked by prabhpreet026, 8 months ago

9. If correlation coefficient between two variables is 0.8, it is said to be ______ positive correlation ​

Answers

Answered by viratgraveiens
0

If correlation coefficient between two variables is 0.8, it is said to be strong positive correlation.

Explanation:

  • In Statistics,correlation coefficient basically indicates the strength direction or statistical relationship or association between two distinct variables.
  • The value of correlation coefficient varies or lies between -1 and 1 with coefficient value of less than implying negative correlation between the two concerned variables and a value greater than 0 indicating positive correlation between the two variables.A correlation coefficient value of 0 implies no correlation between the two concerned variables.
  • In this case a correlation coefficient value of 0.8 implies that the correlation between the two concerned variables is positive meaning that as the value or quantity of one variable increases,the value or quantity of the other increases as well.A correlation coefficient value of 0.8 also implies that the relationship or association between the variables is statistically strong.
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