What is the name of the statistical measure that shows the degree of the relationship between two variables?
- Correlation coefficient
- Mean
- Standard deviation
- Variance
The statistical measure that shows the degree of relationship between two variables is called the correlation coefficient. It quantifies the direction and strength of the relationship between pairs of variables. Values range between -1 and +1, with -1 indicating a perfect negative correlation, +1 a perfect positive correlation, and 0 no correlation.
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