Suppose there is a perfect negative correlation between the amount of money that Jane spends and the amount of money that she has in her bank account: for every dollar that she spends, she has exactly one less dollar in her bank account (assuming no interest, fees, or credits) . Thus, the correlation between Jane's spending and savings can be represented as ____.

A) r = −100
B) r = −1.00
C) r = 0.00
D) r = 100

Question

Katie Leslie · Accepted Answer

Final Answer : B, Explanation :  A perfect negative correlation is represented by a correlation coefficient of -1.00, indicating that as one variable increases, the other decreases in a perfectly linear manner.

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