A Correlation Matrix Must Always Have 1's Along Its Diagonal

question 23

True/False

A correlation matrix must always have 1's along its diagonal (because a variable is always perfectly correlated with itself)and numbers between -1 and +1 elsewhere.

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Definitions:

Payroll Register

A document that records the payment details of employees, including wages, deductions, and net pay for each pay period.

Payroll Register

A document that summarizes the earnings, deductions, and net pay of all employees for a specific payroll period.

Calendar Year

A one-year period that begins on January 1 and ends on December 31, used as a financial or accounting period.

Gross Pay

The entire sum an employee receives in earnings before any taxes or deductions are subtracted.