Use the Following to Answer the Question(s) Below

question 26

Multiple Choice

Use the following to answer the question(s) below.
Below is Excel output showing the coefficient of correlation between personal income and vacation expenses (both in $thousands) for a large sample of clients of one travel agency in Toronto.
-Which of the following statements are false?

• A) The correlation coefficient of 0.691 indicates a relatively strong positive linear association.
• B) The correlation coefficient of 0.691 has no units.
• C) If we swap the variables, the correlation coefficient will still be equal to 0.691.
• D) Correlation is not sensitive to scaling the data. So, new scaling has no effect on the value of the correlation coefficient. It will remain unchanged.
• E) If we swap the variables, the correlation coefficient will be equal to 1.447.

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Definitions:

Satisfaction

A feeling of fulfillment or contentment with one's achievements, possessions, or state of being.

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is an inner sense of what is morally right or wrong in one's actions or thoughts, guiding ethical decision-making.

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A component of personality in Freudian psychology representing an individual's ideal self and aspirations.

Personality Theory

A framework for understanding individual differences in patterns of thinking, feeling, and behaving.