The following chart shows the prices of gasoline and milk at a local convenience store for a period of three weeks.

Examine this data for correlations between the price of gasoline and the price of milk and describe what the correlation between this data is saying. The correlation coefficient is .96682.

Question

The following chart shows the prices of gasoline and milk at a local convenience store for a period of three weeks.

Examine this data for correlations between the price of gasoline and the price of milk and describe what the correlation between this data is saying. The correlation coefficient is .96682.

YoursTruly · Answer

Vocaloid · Answer

hint: the correlation coefficient tells us about the strength and the direction of the correlation

the closer a coefficient is to -1 or 1, the stronger the correlation is
positive correlation coefficient means a positive correlation/association
negative correlation coefficient means a negative correlation/association

so, what does a correlation coefficient of 0.96682 mean?