Question: The range of simple correlation coefficient is?
The range of a simple correlation coefficient is between -1 and +1, where -1 represents a perfect negative correlation and a +1 indicates a perfect positive correlation. A correlation coefficient of 0 indicates that there is no linear relationship between the two variables. A correlation coefficient close to +1 or -1 indicates that a strong linear relationship exists between the two variables. A correlation coefficient that is close to 0 suggests that there is no linear relationship between the two variables.
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