Question

The correlation coefficient between two quantitative variables is approximately 0.02. What does the value of this correlation coefficient indicate about how well the model

fits the data?
O A. The correlation coefficient is not within the correct range.
O B. The model is a good fit.
OC. No conclusion can be drawn regarding how well the model fits the data.
The model is not a good fit.

Answer 1

The model is not a good fit

Explanation:

The correlation Coefficient is a metric used to evaluate the strength of the relationship between 2 variables, the correlation Coefficient ranges from - 1 to + 1 with values closer to either ±1 depicting the strongwr and better relationship. A value of 0 means no relationship exists and values close to zero means the relationship is weak. Wutb a correlation Coefficient value of 0.02, this value is very close to 0 and hence shows that the relationahip is extremely weak. Hence, the model is not a good fit.