You are interested in knowing whether wealthier people are happier. You collected data from fifty people about their incomes and their overall happiness levels on a scale of 1 to 10. Upon analyzing the results, you find that the correlation coefficient has a value of -0.25. On the basis of this data, respond to the following: How would the results be affected if you increased the number of subjects in the study to one thousand? Why might that affect the overall correlation?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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You are interested in knowing whether wealthier people are happier. You collected data
from fifty people about their incomes and their overall happiness levels on a scale of 1
to 10. Upon analyzing the results, you find that the correlation coefficient has a value of
-0.25. On the basis of this data, respond to the following:
How would the results be affected if you increased the number of subjects in the
study to one thousand? Why might that affect the overall correlation?
Transcribed Image Text:You are interested in knowing whether wealthier people are happier. You collected data from fifty people about their incomes and their overall happiness levels on a scale of 1 to 10. Upon analyzing the results, you find that the correlation coefficient has a value of -0.25. On the basis of this data, respond to the following: How would the results be affected if you increased the number of subjects in the study to one thousand? Why might that affect the overall correlation?
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