Question

A correlation coefficient between average temperature and coat sales is most likely to be __________.

Answer 1

A correlation coefficient between average temperature and coat sales exists most likely to be between 0 and -1.

What is the correlation coefficient?

The correlation coefficient exists as the exact measure that quantifies the power of the linear relationship between two variables in a correlation analysis. A correlation coefficient between average temperature and coat sales exists most likely to be between 0 and -1.

A negative correlation suggests two variables that tend to move in opposite directions. A correlation coefficient of -0.8 or lower displays a strong negative relationship, while a coefficient of -0.3 or lower signifies a very weak one.

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