What Does a Correlation Coefficient near +1 Mean

question 26

Multiple Choice

What does a correlation coefficient near +1 mean?

• A)Two variables are moving in the opposite direction.
• B)Two variables are moving in the same direction.
• C)Two variables are unrelated.
• D)One variable is not a good predictor of the other.

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Definitions:

Accounts Identification

The process of classifying and labeling accounts in an accounting system to track financial transactions accurately.