Which of the following statements regarding the coefficient of correlation is true. ABecause there is no correlation there is no need to examine the scatterplot. Introduction To Correlation And Regression Analysis A It ranges from -10 to 10 inclusive B It measures the strength of the relationship between two variables C A value of 000 indicates two variables are not related D All of. . The statement tha is correct concerning correlation coefficients would be that a correlation of 89 and -89 are both strong and equal. Correlation coefficients are indicators of cause and effect. Regression on the other hand evaluates the relationship between an independent and a dependent variable. The closer the value of the correlation coefficient is to the negative one the weaker the relationship between the returns on the two securities. While in regression the emphasis is on predicting one variable from the other in correlation the emph...