The correlation between Age and IncomeIncome as measured on

The correlation between Age and IncomeIncome as measured on 80 people is requals=0.850.85.

Explain whether or not each of the following possible conclusions is justified.

The correlation between Age and income as measured on 80 people is r=0.85. Explain whether or not each of the following possible conclusions is justified. a) When Age increases, Income increases as well. b) The form of the relationship between Age and Income is straight. c) There are several outliers in the scatterplot of Income vs. Age d) If we measure Age in months instead of years, the correlation will decrease. a) Is this conclusion justified? Explain o A. No, because the correlation coefficient between Age and Income is negative. O B. No, because the correlation coefficient between Age and income is positive. ° C. No, because this cannot be concluded from the correlation alone. There may be a nonlinear relationship or outliers. 0 D. Yes, because the correlation coefficient between Age and Income is positive. 0 E. Yes, because the correlation coefficient between Age and Income is negative. b) Is this conclusion justified? Explain 0 A. Yes, because the absolute value of the correlation coefficient is equal to 1. B. Yes, because the correlation coefficient is close to 1. ° C. No, because the form of the relationship cannot be determined from the correlation. 0 D. No, because the absolute value of the correlation coefficient is not equal to 1. O E. No, because the correlation coefficient is not equal to O

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