R² Is the Square of the Correlation Between X and Y

question 17

True/False

r² is the square of the correlation between X and Y and also the square of the correlation between Ŷ and Y.

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Definitions:

Profit Sharing

Sharing profits with employees of an organization by the owners.

Gainsharing

A system where employees are rewarded based on the performance improvements or financial gains of their company.

Scientific Management

Early 20th century theory introduced by Frederick Taylor and his colleagues that analyzes workflow through systematic observation or reasoning.

Job Design Management

Involves structuring job roles, tasks, and responsibilities in a way that maximizes employee efficiency and satisfaction, considering factors such as autonomy and variety.