In the Simple Regression Model, ŷ = 21 − 5x

question 21

True/False

In the simple regression model, ŷ = 21 − 5x, if the coefficient of determination is 0.81, we can say that the coefficient of correlation between y and x is 0.90.

---

Definitions:

Operating Capacity

Operating capacity refers to the maximum output that a company can produce using its available resources, under given conditions, over a certain period.

Sales Increase

A situation where the number or volume of products or services sold by a company rises during a specific period, indicating growth or demand.

Accounts Receivable

Funds that customers owe to a business for goods or services already provided but not yet compensated for.

Sales Projection

An estimate of the future sales revenue of a company, often based on historical sales data and market analysis.