Question: A correlation coefficient of 1.0 indicates: A)The relationship between the two points of interest is reciprocal. B)The relationship between the two points of interest is

A correlation coefficient of 1.0 indicates:

A)The relationship between the two points of interest is reciprocal.

B)The relationship between the two points of interest is statistically perfect.

C)The relationship between the two points of interest is in poor correlation to one another.

D)The method comparison has a directional relationship that needs to be further studied.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Chemistry Questions!

Q:

Create charts to better understand data sets. For cross-sectional data, use a scatter chart. For time series data, use a line chart. Linear y = a + bx Logarithmic y = ln(x) Polynomial (2nd order) y =...

Q:

1. Introduction The problem being addressed in this project is the relationship between the total number of wins for NBA teams in a regular season and two important variables: average points...

Q:

Tutorial 2.1 Chapter 3Graphical descriptive methods - Nominal data MULTIPLE CHOICE QUESTIONS 1. Which of the following is a graphical technique used to present nominal (categorical) data? A. Bar...

Q:

A department store sells a broad range of household products and offers a low-cost breakfast in its store restaurants to attract customers into the stores early in the day. A manager of one of these...

Q:

You helped me a couple of weeks ago. I was wondering if i could setup a time for tomorrow that you could be available to help me with some questions. I will pay $20 per question. They are short and I...

Q:

Can anyone graph this essay for me? *Include at least one graphical display for each variable which communicates the data's distribution, the charts should be clearly labeled and chosen so that...

Q:

Question 142pts Research Question Independent Variable Dependent Variable Do physicians in regions of high healthcare spending order more magnetic resonance imaging (MRI) exams for low back pain than...

Q:

Use data in worksheet named Q1-4 to answer questions 1 4. Assume the sample data was published in a business magazine. 1) Which of the following is true about the data? A. Class is qualitative and...

Q:

40. It is known that for right-handed people, the dominant (right) hand tends to be stronger. For left-handed people who live in a world designed for right-handed people, the same may not be true. To...

Q:

1. Using the data in Table 1.1, what is the forecast for November if a 3-month moving average is used: a) 49.25 b) 50.67 53.00 d) None of the above 2. Using the data in Table 1.1, what is the...

Q:

E xplain the budgeting process and w ho is responsible for evaluating budget performance?

Q:

Explain what is meant by horizontal and vertical analyses of the balance sheet and the income statement.

Q:

Price - cutting is one strategy of share - driven pricing to achieve sales objectives but _ _ _ _ _ .

Q:

WHAT IS the cash flow statement BBINFIT ,AND HOW WE CAN ANALAYSES

Q:

1. True or false. The law of diminishing marginal utility predicts the consumption behavior of addicts quite well. LO7.1

Q:

LO7.5 Give examples of several real-world phenomena that can be explained by applying the theory of consumer behavior.

Q:

5. Tammy spends her money on lemonade and iced tea. If the price of lemonade falls, it is as though her income . LO7.4 a. Increases. b. Decreases. c. Stays the same.