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If the correlation coefficient of two sets of variables (X,Y) is -3/4, which one of the following statements is true for the same set of variables?
XYZ company plans to advertise some vacancies. The Manager is asked to suggest the monthly salary for these vacancies based on the years of experience. To do so, the Manager studies the years of service and the monthly salary drawn by the existing employees in the company. Following is the data that the Manager refers to: | Years of service (X) | 11 | 7 | 9 | 5 | 8 | 6 | 10 | |---|---|---|---|---|---|---|---| | Monthly salary (in ₹1000) (Y) | 10 | 8 | 6 | 5 | 9 | 7 | 11 |
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