Question

Which one of the following is a true statement about the correlation coefficient r? The unit...

Which one of the following is a true statement about the correlation coefficient r?

The unit of measure for r is the same as the unit of measure for the response variable y. Values of r range from -∞ to +∞.

If the sign of r is negative, then increases in one variable tend to be associated with decreases in the other variable.

The designations of which is the explanatory variable and which is the response variable cannot be interchanged when calculating r.

r is resistant to outliers.

6. The standard deviation of the sampling distribution of x̄ for samples of size 15, is smaller than the standard deviation of the population. True False

Homework Answers

Answer #1

Please kindly note that when there is negative correlation then increase in one variable tend to result in decrease of other variable. And negative correlation coefficient is denoted by negative sign.

Hence If the sign of r is negative, then increases in one variable tend to be associated with decreases in the other variable is the true statement about correlation coefficient r.

6. Suppose population standard deviation = and we have given n= 15

Then we know that the standard deviation of x bar is

Hence when n= 15 then the standard deviation of x bar become which is smaller than

Hence the standard deviation of the sampling distribution of x̄ for samples of size 15, is smaller than the standard deviation of the population is TRUE statement.

Hope this will help you. :)

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
1. Which of the following statements is true? The correlation coefficient (r) equals the proportion of...
1. Which of the following statements is true? The correlation coefficient (r) equals the proportion of times two variables lie on a straight line. The correlation coefficient (r) will be +1 only if all the data lie on a perfectly horizontal straight line. The correlation coefficient (r) measures the fraction of outliers that appear in a scatterplot. The correlation coefficient (r) is a unit-less number and must always lie between –1 and +1, inclusive An entomologist writes an article in...
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.
Which of the following is a FALSE statement of the correlation coefficient? Select one: a. The...
Which of the following is a FALSE statement of the correlation coefficient? Select one: a. The closer the value of the correlation coefficient is to negative one, the weaker the relationship between the returns on the two securities. b. The closer the absolute value of the correlation coefficient is to zero, the weaker the relationship between the returns on the two securities. c. Positive correlation coefficients imply that the returns on Security A tend to move in the same direction...
Part 1 For a set of two-variable data, the correlation r can be used to assess:...
Part 1 For a set of two-variable data, the correlation r can be used to assess: Group of answer choices both the direction and the stength. the strength only. the direction only. the form/shape only. Part 2 The correlation r has: Group of answer choices the same units as the response variable y. no units. the same units as x times y. the same units as the explanatory variable x. Part 3 The correlation between two variables will be closer...
Which of the following is TRUE? Select one: a. The correlation coefficient is an index of...
Which of the following is TRUE? Select one: a. The correlation coefficient is an index of the degree of movement of an asset's return in response to a change in the risk-free asset return. b. The capital asset pricing model (CAPM) links together unsystematic risk and return for all assets. c. The security market line is not stable over time and shifts over time in response to changing inflationary expectations. d. The CAPM uses standard deviation to relate an asset's...
1) Which of the following is true of normal distributions? A) The median and mode are...
1) Which of the following is true of normal distributions? A) The median and mode are equal. B) Its measure of skewness is always greater than 1. C) The range of the random variable X is bounded. D) Mathematical formulas make it easier to compute normal distributions. 2) Sampling errors occur because the means cannot be accurately estimated using samples. True or False?
Which one of the following is always true? Select one: a. The coefficient of variation measures...
Which one of the following is always true? Select one: a. The coefficient of variation measures variability in a positively skewed data set relative to the size of the median. b. None of the suggested answers are correct c. The coefficient of variation is a measure of relative dispersion that expresses the standard deviation as a percentage of the mean, for any data on a ratio scale and an interval scale. d. The interquartile range is very unique in the...
Section 2: True or False Please indicate whether the following statements are True, False, or Undetermined....
Section 2: True or False Please indicate whether the following statements are True, False, or Undetermined. Statement True False Undetermined Two variables that are highly correlated are causally related. Observed points closest to the regression line are given more weight than points far away (i.e., outliers).    The standard deviation is only useful as a measure of dispersion for normally distributed variables. Two variables that have no observed correlation cannot be causally related. When a survey sample has a potential bias...
Which of the following statements are TRUE? Note that there may be more than one correct...
Which of the following statements are TRUE? Note that there may be more than one correct answer; select all that are true. 1. a) All else being equal, the standard deviation of the sampling distribution of the sample mean will be smaller for n = 10 than for n = 40. b) The value of a statistic does not vary from sample to sample. c) Statistics have sampling distributions. d) The value of a parameter does not vary from sample...
Which of the following statement about the sampling distribution of proportion is true? Select one: a....
Which of the following statement about the sampling distribution of proportion is true? Select one: a. Its mean equals to the population proportion. b. Its standard error equals to the population standard deviation. c. It is approximately normally distributed if n ≥ 30. d. It is approximately normally distributed if the population is normally distributed.