The Sample Correlation Coefficient R Equals 1 If and Only $\left( x _ { i } , y _ { i } \right)$

question 97

Short Answer

The sample correlation coefficient r equals 1 if and only if all $\left( x _ { i } , y _ { i } \right)$ pairs lie on a straight line with __________ slope.

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Definitions:

Market Entry

The process by which a company or business begins to participate in a new market, facing existing competitors and regulations.

Normal Return

The minimum profit necessary for a company to remain viable in its industry, often considered the opportunity cost of capital.

Own Capital

The value of the assets owned by a company or individual that are used in the production process or for investment purposes.

Short Run

A period in which at least one of a firm's inputs is fixed, limiting the firm’s ability to increase production.