BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Thecorrelation coefficient (r) is a statistic that tells you the strengthand direction of that relationship. It is expressed as a positive ornegative number between-1 and 1. The value of the number indicates the strengthof the relationship: r = 0 means there is no correlation.

Detailed explanation-2: -A correlation coefficient of zero indicates that no linear relationship exists between two continuous variables, and a correlation coefficient of −1 or +1 indicates a perfect linear relationship. The strength of relationship can be anywhere between −1 and +1.

Detailed explanation-3: -A perfect zero correlation means there is no correlation. For each type of correlation, there is a range of strong correlations and weak correlations. Correlation values closer to zero are weaker correlations, while values closer to positive or negative one are stronger correlation.

Detailed explanation-4: -r < 0 indicates a negative association. Values of r near 0 indicate a very weak linear relationship. The strength of the linear relationship increases as r moves away from 0 toward-1 or 1.