Answered

Find the best solutions to your problems with the help of IDNLearn.com's experts. Get prompt and accurate answers to your questions from our community of knowledgeable experts.

It was found that ice cream sales decrease significantly as the temperature outside decreases; a very strong relationship was found. What is the most likely correlation coefficient from this hypothetical study

Sagot :

Fichohidn

Answer:

Value closest to 1

Explanation:

It is described from the scenario above that ice cream sales decreases as the outside temperature increases, hence showing a strong relationship between both variables (icream sales and temperature). The correlation Coefficient is a metric used in regression modeling to depict the strength of relationship between two variables, (The dependent and independent variables). Correlation Coefficient ranges from (-1 to +1). With values close to 1 or - 1. Also the positive and negative signs are used to show the type of relationship between the variables. If an increase in variable A leads to a decrease in variable B, then we have negative correlation (-) ; while an increase or decrease in both variables depicts a positive correlation. The most likely correlation Coefficient for the study above will be a positive value which is close to 1 since the relationship is described as strong.

We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. IDNLearn.com provides the best answers to your questions. Thank you for visiting, and come back soon for more helpful information.