If everyone paid taxes equal to 10 percent of their total annual income, the value of correlation coefficient for income and tax

Question

ELEN [110]

3 years ago

8

If everyone paid taxes equal to 10 percent of their total annual income, the value of correlation coefficient for income and tax

es would be nearest to____________.

Business

1 answer:

antoniya [11.8K] · Answer 1 · 2022-02-14T21:33:40+03:00

Answer:

the value of correlation coefficient for income and taxes would be nearest to 1

Explanation:

Correlation coefficient measures the strength of relationship between two variables. If r is close to one there is a positively strong correlation between the two variables, if it is close to -1, the is negatively weak relationship between the two variables.

the value of correlation coefficient for income and taxes would be nearest to 1, if everyone paid taxes equal to 10 percent of their total annual income.