Question

The table below shows the number of years after the year 2000 and the percentage of people of a country owning homes: Number of years after 2000 (x) 2 4 5 1 3 7 6 Percentage of people owning homes (y) 24% 32% 36% 20% 28% 44% 40% What is the correlation coefficient for the data, and what does it represent?

Answer 1

The correlation coefficient for the data represents a perfectly linear positive correlation between x and y.

What is a perfectly linear positive correlation?

• It means the variable should be shifted together by having a similar percentage and direction.
• Here it shows the direct relationship between two variables it can be anything like the demand for the product and the price of the product.
• Hence, The correlation coefficient for the data represents a perfectly linear positive correlation between x and y.
• Something that is linear is connected to a line. A line is built using all of the linear equations. A non-linear equation is one that cannot be represented by a straight line. It has a changeable slope value and resembles a graphed curve.

Learn more about  linear positive  here:

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