Asked by Danalakota Santhosh on Jul 05, 2024
Verified
If the accounted variance is 24.2%,what is the correlation between the two variables?
A) 24.6%
B) 49.2%
C) 50.4%
D) 75.4%
Accounted Variance
The portion of the total variance in a set of data that is explained by a statistical model or variable.
Correlation
A statistical measure that indicates the extent to which two variables fluctuate together, showing whether and how strongly pairs of variables are related.
- Attain an understanding of how to compute and the implications of the correlation coefficient and coefficient of determination.
Verified Answer
VC
Virginia ClarkJul 09, 2024
Final Answer :
B
Explanation :
The accounted variance is the square of the correlation coefficient (r^2). To find the correlation coefficient (r), take the square root of the accounted variance. √0.242 = 0.492 or 49.2%.
Learning Objectives
- Attain an understanding of how to compute and the implications of the correlation coefficient and coefficient of determination.