Posted: February 19th, 2022

Correlation Coefficient NO PLAGERISM

You have an interest in realizing whether or not wealthier individuals are happier. You collected knowledge from fifty folks about their incomes and their total happiness ranges on a scale of 1 to 10. Upon analyzing the outcomes, you discover that the correlation coefficient has a worth of −zero.25. On the idea of this knowledge, reply to the next:

How would you interpret the correlation coefficient by way of power and route?
How would the outcomes be affected in case you elevated the variety of topics within the examine to 1 thousand? Why may that have an effect on the general correlation?
How necessary is it to randomly choose topics? Clarify intimately utilizing an instance of a pattern which may not be actually repres

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You are interested in whether or not prosperous individuals are happier. You gathered data from fifty folks on their earnings and total satisfaction ranges on a scale of 1 to 10. After evaluating the outcomes, you uncover that the correlation coefficient is zero.25. Reply to the next questions primarily based on this data:

When it comes to power and route, how would you interpret the correlation coefficient?

How would the outcomes change if the variety of topics within the examine was elevated to 1,000? Why may that have an effect on the general correlation?

How necessary is it to randomly choose topics? Clarify intimately utilizing an instance of a pattern which may not be actually consultant of the inhabitants.

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