i. A coefficient of correlation r close to 0 (say, 0.08) shows that the relationship between two variables is quite weak.
ii. If the coefficient of correlation is 0.68, the coefficient of determination is 0.4624.
iii. The standard error of estimate measures the accuracy of our prediction.
A) (i) , (ii) and (iii) are all correct statements
B) (i) and (ii) are correct statements, but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) All statements are false
Correct Answer:
Verified
Q53: i. A coefficient of correlation r close
Q54: i. The strength of the correlation between
Q55: i. The purpose of correlation analysis is
Q56: i. The purpose of correlation analysis is
Q57: We have collected price per share and
Q59: Data is collected from 20 sales people
Q60: We have collected price per share and
Q61: i. The coefficient of determination is the
Q62: i. If the value of r is
Q63: The partial megastat output below is regression
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents