Asked by Karen Cordova on Sep 24, 2024
Verified
If the coefficient of correlation r = ±1,then the best-fit linear equation will actually include all of the observations.
Coefficient of Correlation
A statistical measure that calculates the degree to which two variables move in relation to each other.
Best-fit Linear Equation
A mathematical formula that describes a straight line which closely approximates the relationship between two variables in a set of data.
- Comprehend the significance of correlation coefficient values in determining linear connections between variables.
Verified Answer
KB
kamini bobade1 day ago
Final Answer :
True
Explanation :
A correlation coefficient of ±1 indicates a perfect linear relationship between two variables, where all the data points fall exactly on the best-fit line. Therefore, the best-fit linear equation will include all of the observations.
Learning Objectives
- Comprehend the significance of correlation coefficient values in determining linear connections between variables.
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