Answered

According to guidelines presented in your text, a correlation value of _____ is considered small, _______ is medium, and ______ is strong.A. 0.10; 0.30; 0.50B. 1.00, 2.00, 3.00C. 0.40; 0.60; 0.80D. 0.25; 0.50; 0.75



Answer :

The correct option .A. 0.10; 0.30; 0.50, for the correlation value presented in the guidelines.

Explain the term correlation?

A statistic called correlation gauges how much two variables change in connection to one another.

  • The correlation coefficient, which is a numerical expression of correlation, demonstrates the degree of a link between two variables. Values for the correlation coefficient fall between -1.0 and 1.0.
  • Correlation and diversification, the idea that certain kinds of risks can be reduced by putting money into assets that are not connected, are closely related concepts.
  • Correlation quantifies correlation but cannot determine whether x produces y or vice versa, or whether a third component is responsible for the association.

Thus, a correlation score of 10 is regarded as being minor, 30 is medium, and 50 is strong, in accordance with the standards laid out in your text.

To know more about the correlation, here

https://brainly.com/question/11316491

#SPJ4

Other Questions