The Range of the Correlation Coefficient Is Always

question 65

Multiple Choice

The range of the correlation coefficient is always:

• A) 0 to 1.0.
• B) -1.0 to 1.0.
• C) -2.0 to 2.0.
• D) -4.0 to 4.0.

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Definitions:

Probability Distribution

A function in mathematics that offers the chances of various outcomes happening in an experiment.

Average Profit

The mean amount of profit earned, calculated by dividing the total profit by the number of units sold or the period over which the profit was earned.

Weight Gain

An increase in body weight, which can be due to muscle mass increase, fat accumulation, or other factors.

Probability Distribution

A mathematical description of the likelihood of different outcomes in an experiment, showing how probabilities are distributed over a range of values.