Testing for the existence of correlation is equivalent to A)testing for the existence of the slope (β₁). B)testing for the existence of the Y-intercept (β₀). C)the confidence interval estimate for predicting Y. D)None of the above.

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Quizplus · Accepted Answer

Testing for correlation is essentially testing for the existence of a relationship between two variables, which is equivalent to testing for the existence of a non-zero slope (β₁) in a simple linear regression model.

Testing for the Existence of Correlation Is Equivalent to