The magnitude of the correlation coefficient is indexed by its:
A)sign
B)slope
C)absolute value
D)relative value

Question

Quizplus · Accepted Answer

The magnitude of the correlation coefficient is indexed by its absolute value, which represents the strength of the relationship between two variables. The sign of the correlation coefficient indicates the direction of the relationship (positive or negative), while the slope is a measure of the rate of change in one variable for a unit change in the other variable. The relative value is not a commonly used term in correlation analysis.

The Magnitude of the Correlation Coefficient Is Indexed by Its