An analyst takes a sample of 10 households and records their weekly consumption expenditure (in RM) and weekly household income (in RM). The Pearson coefficient of correlation between weekly...


An analyst takes a sample of 10 households and records their weekly consumption expenditure (in RM) and weekly household income (in<br>RM).<br>The Pearson coefficient of correlation between weekly consumption expenditure and weekly household income is found to be 0.9563.<br>Therefore, an increase in the weekly household income causes a very high increase in the weekly consumption expenditure.<br>Select one:<br>O True<br>O False<br>

Extracted text: An analyst takes a sample of 10 households and records their weekly consumption expenditure (in RM) and weekly household income (in RM). The Pearson coefficient of correlation between weekly consumption expenditure and weekly household income is found to be 0.9563. Therefore, an increase in the weekly household income causes a very high increase in the weekly consumption expenditure. Select one: O True O False

Jun 07, 2022
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