All of the Following Statements About the Correlation Coefficient Are

question 68

Multiple Choice

All of the following statements about the Correlation Coefficient are true, except:

• A) It provides direction of association.
• B) It provides strength of association.
• C) It provides statistical significance of association.
• D) It provides the variance in associations.

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Definitions:

Grows

an increase in size, number, value, or strength.

Investment

Allocating financial resources with the aim of generating revenue or gains.

Interest

A charge for borrowed money, generally a percentage of the amount borrowed.

Simple Interest Rate

A method of calculating interest where the charge is based only on the original principal, not on the accumulated interest.