In a Simple Linear Regression Analysis,the Correlation Coefficient (A)and the Slope

question 30

Multiple Choice

In a simple linear regression analysis,the correlation coefficient (a) and the slope (b) ___________ have the same sign.

• A)Always
• B)Sometimes
• C)Never

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Definitions:

Consumer Utility

A measure of satisfaction or happiness that consumers derive from consuming goods and services.

Budget Line

A graphical representation of all possible combinations of two goods that an individual can afford with their limited budget at set prices.

Indifference Curves

Graphical representations showing combinations of two goods that provide an individual with the same level of satisfaction, indicating preferences without implying superiority.

Slope

The measure of the steepness or incline of a line or surface, typically described as a ratio of vertical change to horizontal change.