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Please explain this concept?
A value of r = 0.158 shows that there is very little relationship of any kind between the variables being compared.
1 Answer
- JoeyVLv 71 decade agoFavorite Answer
Hmm...well I dont know if I agree with it. If the correlation between drinking Dr Pepper and incidence of colon cancer was 0.158 it would be a really big news item and a multi-billion dollar lawsuit.
Anyway, a correlation of 0.158 is enough to make some serious money on Wall Street, but you go through periods in which you are filled with doubt. If you draw a scatterplot of data with a 0.158 it only looks vaguely football shaped with the ends of the football in the first and thrid quadrants.