Reserchers conduted an observational study on the age of a person and the amount of money a person pends on grenes each week. The researchers reported a correlation coefficient of r =-0.97 for the two varable. Wich satemen i a apopriate interpretation of the relationship between a person's age and the amount of money spent on groceries? The negaive ralue of r indicates there is no relationship between age and money spent. O The negative value of r indicates that age causes a person to spend more on groceries. O The vale of r indicates that the relationship is weak, and as age increases, the money spent increases The value of r indicates that the relationship is strong, and as age increases, the money spent decreases Aswer fhe question abo
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
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