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:

Retail List Price

The price at which a product is sold to the public, suggested by the retailer.

Cash Discount

A reduction in price offered to a buyer for paying their invoice before a specified date.

Reduction

The process of decreasing the amount, size, or intensity of something.

Invoices

Official documents issued by a seller to a buyer, detailing the products or services sold, their prices, and the total amount owed.