Identify the true statements about the correlation coefficient, r.V When the data points in a scatter plot fall closely around a straight line that is either increasing or decreasing, thecorrelation between the two variables is strong.O The correlation coefficient is not affected by outliers.V The value ofr ranges from negative one to positive one.V The absolute value of r describes the magnitude of the association between two variables.O A correlation coefficient of zero means that no relationship exists between the two variables.V If two variables are negatively correlated, when one variable increases, the other variable also increases.Incorrect

The strength and direction of linear relationship between two variables is measured by correlation.

Answered: Identify the true statements about the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The table shows the money earned from selling ice cream at a Galveston restaurant as it relates to the high temperature for the day. Temperature 58 61 71 78 81 85 89 96 100 (Fahrenheit) Ice Cream Sales 210 240 515 609 796 800 950 994 900 (Dollars) What does the correlation coefficient for the data indicate about the strength of the linear association between the temperature and ice cream sales in Galveston? А Strong negative correlation Weak negative correlation C Strong positive correlation Weak positive correlation
Let x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims. x 3 7 15 32 75 y 40 35 30 26 18 (a) Make a scatter diagram of the data and visualize the line you think best fits the data. Flash Player version 10 or higher is required for this question. You can get Flash Player free from Adobe's website. (b) Would you say the correlation is low, moderate, or strong? positive or negative? strong and negative moderate and negative strong and positive low and negative low and positive moderate and positive (c) Use a calculator to verify that Σx = 132, Σx2 = 6932, Σy = 149, Σy2 = 4725, and Σxy = 2997. Compute r. (Round your answer to three decimal places.)r = As x increases, does the value of r imply that y should tend to increase or decrease? Explain. Given our value of r, we cannot draw any conclusions for the behavior of y as x increases. Given our value of r, y should tend to…
Determine if correlation between the two given variables is likely to be positive or negative, or if they are not likely to display a linear relationship. Your daily calorie intake and weight. (a) Positive (b) Negative (c) No correlation
Please help me answer the questions about correlation according to the graph. So would it be linear, strong, positive, or no association? Or negative and weak?
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Give an example of two variables that have a positive linear correlation. Give an example of two variables that have a negative linear correlation. Give an example of two variables that have no correlation. Below is the height in inches and weight in pounds of eleven individuals Height, x 62 63 66 68 70 72 73 74 74 75 75 Weight, y 195 190 250 220 250 255 260 275 280 295 300 x = 65 inches x = 69 inches x = 71 inches
Please explain each step clearly, and no excel formula should be used for solving this problem
The data below shows the selling price (in hundred thousands) and the list price (in hundred thousands) of homes sold. Construct a scatterplot, find the value of the linear correlation coefficient r, and P-value using a = 0.05. Is there sufficient evidence to conclude that there is a linear correlation between the two variables? Selling Price (x) List Price (y) H₁: p#0 400 412 Construct a scatterplot. Choose the correct graph below. 301 315 376 387 434 440 459 488 H₁ p > 0 477 480 319 324 352 368 417 434 330 341
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Use the following to answer the question: ŷ : = −3x + 13.9 with R² = 34%. Which best describes the correlation? No linear relationship Weak positive linear relationship O Moderate negative linear relationship O Moderate positive linear relationship Weak negative linear relationship
What is the value of the correlation coefficent, r? Is the strength of the linear relationship strong, moderately strong, somewhat weak or very weak?

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