Find principle amount that will grow to $25,000 if interest is 3.2% compounded monthly for 3 years?
2 answers:
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Answer:
Step-by-step explanation:
A correlation coefficient is a number ranging from -1 and 1 that measures the strength and direction of a linear relationship.
- If it is a negative number, the linear relationship is also negative. If it's positive, the relationship is positive.
- The closer it is to -1 or 1, the stronger the relationship.
Since the question only asks for the strongest relationship and does not ask for the direction (positive/negative), we can simply choose the number closest to -1/1. Therefore, the answer is -0.92.