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A coefficient near +1 indicates tendency for the larger values of one variable to be associated with the larger values of the other.
- a)true
- b)false
- c)both
- d)none
Correct answer is option 'A'. Can you explain this answer?
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A coefficient near +1 indicates tendency for the larger values of one ...
Understanding Correlation Coefficients
Correlation coefficients measure the strength and direction of a linear relationship between two variables. The value of a correlation coefficient ranges from -1 to +1.
Positive Correlation
- A coefficient near +1 indicates a strong positive correlation.
- This means that as one variable increases, the other variable tends to also increase.
- For instance, if variable X represents study hours and variable Y represents exam scores, a correlation close to +1 suggests that more study hours are associated with higher exam scores.
Implications of a Coefficient Near +1
- A coefficient of +0.8 or more signifies a very high positive association.
- This indicates a predictable pattern where higher values of one variable correspond to higher values of the other.
- It is essential for decision-making in fields like finance, healthcare, and education, where understanding relationships can inform strategies and outcomes.
Conclusion
- Therefore, the statement that "a coefficient near +1 indicates a tendency for the larger values of one variable to be associated with the larger values of the other" is true.
- Recognizing this relationship is crucial for interpreting data accurately and making informed decisions based on statistical analysis.
Correlation coefficients measure the strength and direction of a linear relationship between two variables. The value of a correlation coefficient ranges from -1 to +1.
Positive Correlation
- A coefficient near +1 indicates a strong positive correlation.
- This means that as one variable increases, the other variable tends to also increase.
- For instance, if variable X represents study hours and variable Y represents exam scores, a correlation close to +1 suggests that more study hours are associated with higher exam scores.
Implications of a Coefficient Near +1
- A coefficient of +0.8 or more signifies a very high positive association.
- This indicates a predictable pattern where higher values of one variable correspond to higher values of the other.
- It is essential for decision-making in fields like finance, healthcare, and education, where understanding relationships can inform strategies and outcomes.
Conclusion
- Therefore, the statement that "a coefficient near +1 indicates a tendency for the larger values of one variable to be associated with the larger values of the other" is true.
- Recognizing this relationship is crucial for interpreting data accurately and making informed decisions based on statistical analysis.
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A coefficient near +1 indicates tendency for the larger values of one variable to be associated with the larger values of the other.a)trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer?
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A coefficient near +1 indicates tendency for the larger values of one variable to be associated with the larger values of the other.a)trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A coefficient near +1 indicates tendency for the larger values of one variable to be associated with the larger values of the other.a)trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A coefficient near +1 indicates tendency for the larger values of one variable to be associated with the larger values of the other.a)trueb)falsec)bothd)noneCorrect answer is option 'A'. Can you explain this answer?.
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