The correlation coefficient between variables X and Y is 0.68. What does this signify? a. When X increases by 1, Y increases by 0.68 b. When Y increases 1, X increases by 0.68 c. The variance shared by X and Y is 68% d. The variance shared by X and Y is less 20%

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The correlation coefficient between variables X and Y is 0.68. What does this signify?
a. When X increases by 1, Y increases by 0.68
b. When Y increases 1, X increases by 0.68
c. The variance shared by X and Y is 68%
d. The variance shared by X and Y is less 20%
Transcribed Image Text:The correlation coefficient between variables X and Y is 0.68. What does this signify? a. When X increases by 1, Y increases by 0.68 b. When Y increases 1, X increases by 0.68 c. The variance shared by X and Y is 68% d. The variance shared by X and Y is less 20%
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