Which is the best estimate of the correlation coefficient for the scatter plot?
A.1
B.-0.9
C.0.9
D.0.3
Answer:
The best estimate of the correlation coefficient is 0.9 from the given data.
Step-by-step explanation:
From the scatter plot, the line of best fit will have a positive slope.
So, the correlation coefficient , [tex]\rho[/tex] is greater than 0.
so, [tex]\rho[/tex] ≠ - 0.9
Also, there is a deviation from absolute linearity.
So, [tex]\rho[/tex] ≠ 1
Again from the scatter plot it is closer to linearity than further.
Hence, [tex]\rho[/tex] ≠ 0.3 .
So [tex]\rho[/tex] = 0.9