With reference to the correlation coefficient, which of the following statement is/are correct?
(1) It measures the degree and direction of linear association between two variables
(2) It measures the degree and direction of non-linear association between two variables
Select the correct answer using the options given below
A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer: Option A
Related Questions on Business Statistics and Research Methods
A. The central limit theorem
B. The law of statistical regularly
C. The law of inertia of large numbers
D. None of the above
The difference between sample statistic and its corresponding population parameter is
A. Sampling error
B. Measurement error
C. Coverage error
D. Non-response error
A. Both (A) and (R) are true
B. (A) is true, but (R) is false
C. (A) is false, but (R) is true
D. Both (A) and (R) are false

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