Question 5 Exploratory Data Analysis Quantitative Variables…
Question 5 Exploratory Data Analysis Quantitative Variables – 4ptsNow consider the quantitative variables ONLY: Age, Annual.Salary, Credit.Card.Debt, and Net.Worth. Compute the correlation coefficients between each quantitative variables and also the response variable. A) Which predicting variable has the best correlation with the response? B) Interpret the value of the best correlation coefficient in the context of the problem. Include strength (weak, moderate, strong) and direction (positive, negative). C) Considering the predicting variables, does the correlation matrix show signs of multicollinearity? Explain how you came to your conclusion.