What statistical relationship is characterized by a correlation of .30?

Prepare for TAMU's MGMT363 Exam with our comprehensive quiz. Dive into multiple choice questions with insightful hints and explanations. Gear up for success in your management course!

A correlation of .30 indicates a moderate relationship between the two variables being measured. Correlation coefficients range from -1 to +1, where values closer to 1 or -1 suggest a stronger relationship, and values close to 0 suggest no relationship.

In this context, a correlation of .30 falls within the range typically classified as moderate. It suggests that there is a noticeable association between the variables, but it is not strong enough to imply a very high degree of predictability. This level of correlation can still be significant in many practical situations, particularly in social sciences or behavioral studies.

Understanding how to interpret correlation coefficients is essential for analyzing data and making informed decisions based on the strength and direction of relationships between variables.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy