What is correlation? State the properties of the configuration coefficient of correlation. How do you interpret it?
a) Correlation is a measure of the strength and direction of a linear relationship between two variables. Properties include range from -1 to 1.
b) Correlation is only applicable to categorical data. Properties include the ability to predict causation.
c) Correlation measures the average rate of change between two variables. Properties include a range from 0 to 100.
d) Correlation is a measure of the central tendency of a dataset. Properties include a range from 0 to 1.