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If the correlation between a person's age and annual income is 0.60, then the coefficient of determination tells us that:

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The answer is 36% of the variation in a person’s annual income can be explained by the predictor variable age. In addition, correlation is a statistical measure that specifies the level to which two or more variables vary together. A positive correlation specifies the level to which those variables upsurge or decline in parallel wile a negative correlation specifies the level to which one variable upsurges as the other declines.
User Adiyya Tadikamalla
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