Which of the Following Correlation Coefficients Indicates the Weakest Relationship

question 55

Multiple Choice

Which of the following correlation coefficients indicates the weakest relationship?

• A) +.29
• B) -.65
• C) -1.03
• D) +.75

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Definitions:

Car Washing Labour Cost

The expense associated with the human effort required in the process of cleaning cars.

Coefficient Of Determination

A statistical measure, represented as a number between 0 and 1, that indicates the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

Regression Model

A statistical technique used to understand the relationship between independent variables and a dependent variable, helping in prediction and forecasting.

Economic Plausibility

Economic Plausibility is the concept of ensuring economic models, assumptions, or outcomes seem reasonable and credible based on established economic theories or real-world observations.