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Use the Following to Answer the Question(s) Below

Question 26

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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. 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.
-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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