Which is more valuable in expressing the relationship between first weekend gros
ID: 3241413 • Letter: W
Question
Which is more valuable in expressing the relationship between first weekend gross, national gross, and wordwide gross, the covariance or the coefficient of correlation? Explain.
A.
The correlation coefficient is more valuable for expressing the relationship between first weekend gross, national gross, and worldwide gross because it can prove that there is a causation effect between first weekend gross, national gross, and worldwide gross.
B.
The correlation coefficient is more valuable for expressing the relationship between first weekend gross, national gross, and worldwide gross because it does not depend on the units used to measure first weekend gross, national gross, and worldwide gross.
C.
The covariance is more valuable for expressing the relationship between first weekend gross, national gross, and worldwide gross because it measures the relative strength between first weekend gross, national gross, and worldwide gross.
Explanation / Answer
A.
The correlation coefficient is more valuable for expressing the relationship between first weekend gross, national gross, and worldwide gross because it can prove that there is a causation effect between first weekend gross, national gross, and worldwide gross.
The relationships are shown on a scale of -1 to 1
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.