We are ready to offer correlation analysis, report and interpretation of correlation analysis help. Upload the data and instructions here and we will get back within a few minutes
We offer help with all your statistics homework. Our team of experts is always ready to complete your work . If you are running out of time or you need a good grade leave the work to us. You can also check correlation analysis homework help for further information
The correlation strength of the relationship is often interpreted depending on how close or distant the value is from 1.
A value of 1 means that there exists a perfect relationship between the two variables.
A value of 0 is means that there exists no relationship at all between the variables.
A value between 0.1 and 0.3 means that the existing relationship is very weak.
A value between 0.3 and 0.7 means that the relationship is moderate.
A value between 0.7 and 0.9 means that the relationship is strong. Between 0.9 and 1, the relationship is very strong. This information can be summarized using the table below
|Value||Size of Strength|
|0.1 – 0.30||Weak|
|0.31 – 0.69||Moderate|
|0.7 – 0.99||Strong|
Once the correlation has been computed, it can either be positive or negative depending on the sign of the correlation coefficient. Moreover, it is important to note that the value of the correlation coefficient ranges between -1 and +1. The closer it is to either -1 or +1 the stronger the relationship.