Economy, asked by unnatip0103, 5 months ago

What is the rang of the correlation coefficient r?

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Answered by charu52023

1

Answer:

Possible values of the correlation coefficient range from -1 to +1, with -1 indicating a perfectly linear negative, i.e., inverse, correlation (sloping downward) and +1 indicating a perfectly linear positive correlation (sloping upward). A correlation coefficient close to 0 suggests little, if any, correlation.

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