Answer:
C. strong negative correlation
Step-by-step explanation:
A hotel manager records the number of bookings made at various prices during July.
What type of correlation does the graph show?
A. strong positive correlation
B. weak positive correlation
C. strong negative correlation
D. weak negative correlation
Correlation is a statistical measure used to measure the relationship that exists between two variables.
1. Positive correlation : it mean that the two variables move in the same direction. If one variable increases, the other variable also increases.
For example, there should be a positive correlation between quantity supplied and price
When there is a positive correlation, the graph of the variables is upward sloping
2. Negative correlation : it mean that the two variables move in different direction. If one variable increases, the other variable decreases.
For example, there should be a negative correlation between quantity demanded and price
When there is a negative correlation, the graph of the variables is downward sloping
3. Zero correlation : there is no relationship between the variables
