Which of the following correlation coefficients represents the weakest relationship between two quantitative variables?

Study for the Gramling Business Analytics Exam. Engage with multiple choice questions and detailed explanations. Master your business analytics skills and get ready for success!

The correlation coefficient measures the strength and direction of a linear relationship between two quantitative variables. It ranges from -1 to 1, where values closer to -1 indicate a strong negative relationship, values close to 1 indicate a strong positive relationship, and values around 0 suggest a weak or no relationship at all.

In this scenario, a correlation coefficient of 0.15 indicates a very weak positive relationship between the two variables. This suggests that as one variable increases, there is only a slight tendency for the other variable to increase as well, making the relationship practically negligible.

On the other hand, coefficients like -0.80, 0.70, and -0.50 indicate much stronger relationships. The first two represent strong connections (one negative and the other positive), and -0.50 indicates a moderate negative relationship. Hence, 0.15 stands out as the weakest correlation coefficient among the options provided, confirming that it reflects the least substantial association between the two quantitative variables.

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