For variables X and Y, the value of the coefficient of correlation is found to be -0.95.  There is a.) A strong negative linear relationship between the two variables b.) A weak negative linear relationship between the two variables c.) No relationship between the two variables d.) No choice is correct

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter6: Risk And Return
Section6.5: Risk In A Portfolio Context
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For variables X and Y, the value of the coefficient of correlation is found to be -0.95.  There is

a.) A strong negative linear relationship between the two variables
b.) A weak negative linear relationship between the two variables
c.) No relationship between the two variables
d.) No choice is correct
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