Multiple Choice
i. The purpose of correlation analysis is to find how strong the relationship is between two variables.
ii. A correlation coefficient of -1 or +1 indicates perfect correlation.
Iii) The standard error of estimate measures the accuracy of our prediction.
A) (i) , (ii) and (iii) are all correct statements
B) (i) and (ii) are correct statements, but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) All statements are false
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Information was collected from employee records to
Q3: Data is collected from 20 sales people
Q4: Data is collected from 20 sales people
Q5: Information was collected from employee records to
Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7521/.jpg" alt="
Q7: Which value of r indicates a stronger
Q8: What does a coefficient of correlation of
Q9: Use the scatter diagrams to verify which
Q10: i. A coefficient of correlation r close
Q11: A sales manager for an advertising agency