Examlex

Solved

Use the Following Information for Following Questions

question 16

Multiple Choice

Use the following information for following questions
The scatterplot shows the relationship between a vehicle's age (in years) and its current value (in
dollars) . The coefficient of determination was found to be 98.74%. Use the following information for following questions  The scatterplot shows the relationship between a vehicle's age (in years)  and its current value (in dollars) . The coefficient of determination was found to be 98.74%.   -If we converted the x-axis to months, instead of years, what would happen to the value of the correlation coefficient? A) The correlation coefficient would increase because we are adding 12 additional values (one for each month)  on the x-axis. B) The correlation coefficient would decrease because we have less data points per month as opposed to per year. C) The correlation coefficient would be unchanged because it is not affected by changes in units. D) We cannot make any conclusions about the correlation coefficient because we would need to use the new data values to calculate it.
-If we converted the x-axis to months, instead of years, what would happen to the value of the correlation coefficient?


Definitions:

Degrees Of Freedom

Degrees of freedom typically refer to the number of independent values or quantities that can vary in an analysis without violating any constraints.

Treatment

In medical and scientific studies, the specific procedure or set of procedures administered to participants.

Error

A mistake in calculation, measurement, or observation that may lead to incorrect conclusions or results.

Assembly Methods

Techniques or processes used in the construction or composition of items, parts, or systems.

Related Questions