Question

A reliable correlation is one that a. is non negative b. is close to 1.00 c....

A reliable correlation is one that

a.

is non negative

b.

is close to 1.00

c.

is significantly different from 0

d.

is likely to be closely approximated in future studies

Homework Answers

Answer #1

A reliable correlation is one that is significantly different from 0.

c. is significantly different from 0.

Explanation:

We know that the correlation between two variables is said to be statistically significant when this correlation is significantly different from 0. The two variables having zero correlation indicate that there is no reliable correlation between two variables. If we want reliable correlation between two variables, then the correlation should be different from 0, however it may be positive or negative.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
correlation measures the degree to which two variables are related to one another. Here are the...
correlation measures the degree to which two variables are related to one another. Here are the definitions of the three possibilities: Positive correlations: In this type of correlation, both variables increase or decrease at the same time. A correlation coefficient close to +1.00 indicates a strong positive correlation. Negative correlations: This type of correlation indicates that as the amount of one variable increases, the other decreases (and vice versa). A correlation coefficient close to -1.00 indicates a strong negative correlation....
For each one of these, would you expect a positive correlation or a negative correlation or...
For each one of these, would you expect a positive correlation or a negative correlation or no correlation? Is the correlation weak or strong? A) for 1-year olds, the time spent sleeping that day vs. the number of Cheerios picked up off the floor that day B) monthly income and value of household jewelry C) grade in statistics class and number of potatoes consumed weekly D) hours of sleep the night before, number of errors made when filling out form...
A correlation test can measure which kinds of relationships? A. Positive B. Negative C. A Curve-Linear...
A correlation test can measure which kinds of relationships? A. Positive B. Negative C. A Curve-Linear Relationship D. A and B only
For each of the following, indicate whether a correlation is most likely (a) positive, (b) negative...
For each of the following, indicate whether a correlation is most likely (a) positive, (b) negative or (c) cannot be a correlation. Write the LETTER of the correct answer. The number of calories consumed and a person's weight The age of a child and the number of pets owned Number of hours spent partying and GPA The age of a car and its resale value A person's age and the person's income Weekly ice cream sales and weekly average temperature
3. Rabies virus genomes are: A. non-segmented, positive (+) strand RNA B. non-segmented, negative (-) strand...
3. Rabies virus genomes are: A. non-segmented, positive (+) strand RNA B. non-segmented, negative (-) strand RNA C. segmented, positive (+) strand RNA D. segmented, negative (-) strand RNA E. double stranded DNA
Assume two risky assets A and B with correlation ρ=-1.00.Their respective returns and volatilities are, Asset...
Assume two risky assets A and B with correlation ρ=-1.00.Their respective returns and volatilities are, Asset Expected Return (%) Volatility A 7.00 0.0010 B 5.00 0.0005 Compute the return and volatility of the minimum-variance portfolio. Select one: a. Return: 5.67%; volatility: 0.0% b. No answer c. Return: 7.12%; volatility: 0.0%. d. Return: 7.12%; volatility: 3.21%. e. Return: 5.67%; volatility: 3.21%.
Which of the following statements is true about a negative correlation a. It is not significant...
Which of the following statements is true about a negative correlation a. It is not significant b. It is not as important as positive relationships c. As one variable increases, the other variable decreases d. As one variable decreases, the other variable decreases.
(a) Suppose n = 6 and the sample correlation coefficient is r = 0.894. Is r...
(a) Suppose n = 6 and the sample correlation coefficient is r = 0.894. Is r significant at the 1% level of significance (based on a two-tailed test)? (Round your answers to three decimal places.) t = critical t = Conclusion: Yes, the correlation coefficient ρ is significantly different from 0 at the 0.01 level of significance. No, the correlation coefficient ρ is not significantly different from 0 at the 0.01 level of significance.     (b) Suppose n = 10 and...
1. Which of the following statements are true of One-way ANOVA test? a. It is a...
1. Which of the following statements are true of One-way ANOVA test? a. It is a robust test (with sufficiently large samples and relatively equal groups) even when the sample data are statistically significantly different from normal distribution. b. All of the other statements are correct. c. It involves a dependent variable measured on a continuous scale. d. It involves an independent variable measured on a categorical scale with 2+ groups/categories. e.It compares the mean/average scores of the 2+ groups...
If the returns from Projects A, B, and C had strong negative correlation with the normal...
If the returns from Projects A, B, and C had strong negative correlation with the normal expected earnings of most firms in the economy would this affect your estimates of expected NPV? Would you still consider the most risky project you answered in Question 1 to be the riskiest project? How would it affect the overall riskiness of the firm? The overall cost-of-capital? Answered in Question 1 Expected Cash Outflow Standard Deviation of Cash Outflow Expected Cash Inflow Standard Deviation...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT