SOLUTION: Discuss the meaning of correlation coefficient. Discuss the meaning of a correlation equal to -1, 0, and +1.

Question 145268: Discuss the meaning of correlation coefficient. Discuss the meaning of a correlation equal to -1, 0, and +1.

Answer by nabla(475) (Show Source): You can put this solution on YOUR website!
The correlation coefficient measures the strength of a linear relationship between two variables. -1 means there is a perfect negative correlation. 0 means that there is a random, nonlinear relationship between the variables. +1 means there is a perfect positive relationship. +/- 1 only occur when all data points are on a straight line (slope respective of sign).

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