The unit price is $1.23 (I think!!)
Correlation coefficient helps us to know how strong is the relation between two variables. The strength of the model is a strong positive correlation.
<h3>What is the correlation coefficient?</h3>
The correlation coefficient helps us to know how strong is the relation between two variables. Its value is always between +1 to -1, where, the numerical value shows how strong is the relation between them and, the '+' or '-' sign shows whether the relationship is positive or negative.
- 1 indicates a strong positive relationship.
- -1 indicates a strong negative relationship.
- A result of zero indicates no relationship at all, therefore, independent variable.
Hence, the strength of the model is a strong positive correlation.
Learn more about Correlation Coefficients:
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