BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The unit of measurement used to calculate the intensity in the linear relationship between the variables involved in a correlation analysis.
A
correlation coefficient
B
significant
C
hypothesis
D
regression
Explanation: 

Detailed explanation-1: -The correlation coefficient is the unit of measurement used to calculate the intensity in the linear relationship between the variables involved in a correlation analysis, this is easily identifiable since it is represented with the symbol r and is usually a value without units which is located between 1 and-1.

Detailed explanation-2: -The correlation coefficient does not have any units.

Detailed explanation-3: -The correlation r measures the strength of the linear relationship between two quantitative variables.

Detailed explanation-4: -Simple linear correlation is a measure of the degree to which two variables vary together, or a measure of the intensity of the association between two variables. Correlation often is abused. You need to show that one variable actually is affecting another variable.

Detailed explanation-5: -The Pearson coefficient is a type of correlation coefficient that represents the relationship between two variables that are measured on the same interval or ratio scale. The Pearson coefficient is a measure of the strength of the association between two continuous variables.

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