If the correlation coefficient is 0.96, how confident can you be that your predicted value for the cost of a call at 70 minutes

Question

2 years ago

15

If the correlation coefficient is 0.96, how confident can you be that your predicted value for the cost of a call at 70 minutes

is close to the exact value for the cost of a call at 70 minutes?
Pick one of the options below and explain your answer?

Very confident
Somewhat confident
Not confident

Mathematics

2 answers:

Kitty [74] · Answer 1 · 2022-07-25T13:07:29+03:00

Kitty [74]2 years ago

6 0

Very confident because a correlation coefficient of 1 is perfect then a correlation coefficient of .96 means it is like 96% accurate

a_sh-v [17] · Answer 2 · 2022-07-25T14:24:57+03:00

a_sh-v [17]2 years ago

4 0

Answer:

Very confident

Step-by-step explanation:

The closer the correlation coefficient is to 1, the stronger the correlation. Anything above .4 is relatively strong. So I would be very confident.