Patrick calculated the correlation coefficient to be 0 when observing the balance in his savings account over a two-year period. He concluded that there is no relationship between the balance and time.
Is Patrick correct? Explain your reasoning. (2 points)
| a |
Patrick's conclusion is correct. If the correlation coefficient is 0, there is a linear relationship. |
| b |
Patrick's conclusion is not correct. If the correlation coefficient is less than 1, there is not a linear relationship, but there could be another type of relationship. |
| c |
Patrick's conclusion is correct. If the correlation coefficient is greater than −1, there is not a linear relationship, but there could be another type of relationship. |
| d |
Patrick's conclusion is correct. If the correlation coefficient is less than 1, there is not a linear relationship, but there could be another type of relationship. |
| e |
Patrick's conclusion is not correct. If the correlation coefficient is 0, there is not a linear relationship, but there could be another type of relationship. |