A correlation coefficient equal to -1 or +1 indicates perfect correlation. True or false?

Question

Question

business economics

Answer 1

Answer #1

Answer

True

A correlation coefficient equal to -1 indicates a perfect negative correlation

A correlation coefficient equal to +1 indicates a perfect positive correlation

the negative correlation means a decrease in one variable increases the number of other vs. positive means increase in one increases the other.

The perfect means there is no exception means every time the given data show increase for positive and decrease for negative.

Answer 2

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