Answered: #2 My equation of best fit is y =…

#2 My equation of best fit is y = 56(1.07)^x. The corresponding correlation coefficient is 0.35. What does this correlation coefficient tell me about the fit of my equation?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.4: Scatter Plots And Line Of Fit

Problem 18PFA

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Question

#2 My equation of best fit is y = 56(1.07)^x. The corresponding correlation coefficient is 0.35. What does this correlation coefficient tell me about the fit of my equation?

Definition Definition Statistical measure used to assess the strength and direction of relationships between two variables. Correlation coefficients range between -1 and 1. A coefficient value of 0 indicates that there is no relationship between the variables, whereas a -1 or 1 indicates that there is a perfect negative or positive correlation.

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