Morty buys and sells computer parts. He bought two monitors for $25.00 each and later sold them for $88.00 each. He bought four
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Answer:
The correlation coeffcient for this case was provided:
r =0.934
And this coefficient is very near to 1 the maximum possible value, so then we can interpret that the relationship between the entrace exam score and the grade point average are strongly linearly correlated .
We can also find the who represent the determination coefficient and we got:
And the interpretation for this is that a linear model explains appproximately 87.2% of the variability between the two variables
Step-by-step explanation:
Previous concepts
The correlation coefficient is a "statistical measure that calculates the strength of the relationship between the relative movements of two variables". It's denoted by r and its always between -1 and 1.
And in order to calculate the correlation coefficient we can use this formula:
The correlation coeffcient for this case was provided:
r =0.934
And this coefficient is very near to 1 the maximum possible value, so then we can interpret that the relationship between the entrace exam score and the grade point average are strongly linearly correlated .
We can also find the who represent the determination coefficient and we got:
And the interpretation for this is that a linear model explains appproximately 87.2% of the variability between the two variables