A study was conducted to determine if there was a relationsh

A study was conducted to determine if there was a relationship between the prices a non-member of a club paid for various publications and the prices that a member paid for the same publications. What is the value of the correlation coefficient?

0.762

0.857

0.679

0.932

Solution

Correlation coefficient between the variables is 0.857. Since the coefficient is near to 1 and positive so it shows very strong positve relationship between the variables.