If All the Points in a Scatter Diagram Lie on the Least

question 220

True/False

If all the points in a scatter diagram lie on the least squares regression line,then the coefficient of correlation must be 1.0.

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Definitions:

Economic Context

The circumstances or environment in which economic activities occur, which can include factors like market conditions, economic policies, and the overall state of the economy.

Cluster

A collection of similar objects or individuals that are located or happen in close proximity.

Grapevines

A term often used to describe informal communication channels within an organization, allowing information to spread rapidly among employees in an unofficial manner.

Cluster

A group of similar things or people positioned or occurring closely together.