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Suppose You Compute the Correlation Coefficient Between Two Variables, X

question 50

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Suppose you compute the correlation coefficient between two variables, X and Y, and obtain a value of 0.55.Then you realize that all the values for both variables have been corrupted in a way that their actual sign has been changed (positive values were turned into negative values and vice versa; only the signs have been changed) .Then the actual, corrected value of the correlation coefficient ______.


Definitions:

Markup

The amount added to the cost price of goods to cover overhead and profit.

Manufacturing Cost

The total expense incurred in the process of producing goods, including materials, labor, and overhead.

Selling Prices

The amount of money charged for a product or service, determined by cost, competition, and market demand.

Unit Product Cost

The sum of materials, labor, and overhead expenses divided by the quantity of units manufactured.

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