All of the following statements about the Correlation Coefficient are true, except:
A) It provides direction of association.
B) It provides strength of association.
C) It provides statistical significance of association.
D) It provides the variance in associations.

Question

Quizplus · Accepted Answer

The correlation coefficient provides direction and strength of the association between two variables, as well as statistical significance of the association. However, it does not provide the variance in associations. The coefficient of determination (R-squared) provides information about the variance in associations.

All of the Following Statements About the Correlation Coefficient Are