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It is imperative that the data displays an improved correlation coefficient before using the data for the new ventures. ââ¦the coefficient of correlation describes the strength of the relationship between two sets of interval-scaled or ratio-scaled variablesâ¦. It can assume any value from 1.00 to -1...
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It can assume any value from 1.00 to -1.00 inclusive. A correlation coefficient of 1.00 or -1.00 indicates perfect correlation.â (Lind, et.al., 2004)
The sampling methods in the scenario were skewed toward the more technically oriented individuals who preferred to perform their banking online using the internet...
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