Question

The correlation coefficient, r, between the prices of smartphones, x, and the number of sales of phones, y, equals −0.63.


Select the statement which best describes the relationship between the price and sales.


The value of r indicates that the number of sales decreases as the price decreases.

The value of r indicates that the number of sales decreases as the price stays the same.

The value of r indicates that the number of sales decreases as the price increases.

The value of r indicates that the number of sales is not related to the price.


I think its (C): The value of r indicates that the number of sales decreases as the price increases.

Answer 1

Answer:

(C) The value of r indicates that the number of sales decreases as the price increases.

ED2021.

Answer 2

The best statement, given the correlation coefficient of -0.63 is: value of r indicates that the number of sales decreases as the price increases.

What is a Negative Correlation Coefficient?

A negative correlation coefficient has a negative sign, and implies a negative relationship between two variables.

This means that, as one variable decreases, the other variable increases.

Thus, a correlation coefficient of -0.63 shows a negative relationship between prices of smartphones and the number of sales.

Therefore, the best statement, given the correlation coefficient of -0.63 is: value of r indicates that the number of sales decreases as the price increases.

Learn more about correlation coefficient on:

https://brainly.com/question/4219149