Question
Economics Question on Correlation and regression of two variables
Given below are two statements:
Statement I : Coefficient of correlation can not be less than - 1.
Statement II : Regression coefficient can not be less than - 1.
In the light of the above statements, choose the correct answer from the options given below:
A
Both Statement I and Statement II are true
B
Both Statement I and Statement II are false
C
Statement I is true but Statement II is false
D
Statement I is false but Statement II is true
Answer
Statement I is true but Statement II is false
Explanation
Solution
The correct option is(C): Statement I is true but Statement II is false