Statistics - Correlation
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(1.) What is the difference between strong positive and strong negative correlation? Is there value in a strong negative correlation? If so, what? In your answer provide examples from your life.
(2) What does zero correlation tell you? When do you see this type of correlation in your life?
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Solution Summary
Correlation statistics is examined. What zero correlation tells you is determined. A complete, neat and step-by-step solution is provided.
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A strong positive R (such as, say R = 0.92) represents a strong and direct correlation between x and y. That is, as x
increases (or decreases), y increases (or decreases).
Example: Income and the monthly spending on ...
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