A statistical measure of the relationship between two variables is known as:
A) correlation.
B) the association coefficient.
C) association.
D) arbitrage.

Question

Quizplus · Accepted Answer

Correlation is a statistical measure that indicates the degree to which two variables are related to each other. It ranges from -1 to +1, where -1 indicates a perfect negative relationship, +1 indicates a perfect positive relationship, and 0 indicates no relationship. The correlation coefficient can be calculated using various methods, such as Pearson's correlation coefficient, Spearman's rank correlation coefficient, and Kendall's tau. Therefore, option A is the correct answer.

A Statistical Measure of the Relationship Between Two Variables Is