Math  /  Data & Statistics

QuestionPart 4 of 4 (d) Which of the following is the best interpretation of the correlation coefficient? When the price of eggs rises, it causes the price of milk to rise. When the price of milk rises, it causes the price of eggs to rise. Changes in the price of eggs or milk do not cause changes in the price of the other; the correlation indicates that the prices of milk and eggs tend to go up and down together. Continue (c) 2024 McGraw Hill L

Studdy Solution
The best interpretation is: "Changes in the price of eggs or milk do not cause changes in the price of the other; the correlation indicates that the prices of milk and eggs tend to go up and down together."

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