Which Statement About Correlation Is True? I

question 16

Multiple Choice

Which statement about correlation is true? I.Regression based on data that are summary statistics tends to result in a higher
Correlation.
II) If r = 0.95, the response variable increases as the explanatory variable increases.
III) An outlier always decreases the correlation.

• A)I only
• B)II only
• C)III only
• D)I, II, and III

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Definitions:

Commission Charges

Fees paid to an agent or company for facilitating a transaction, typically a percentage of the sale amount.

Proceeds

The total amount of money received from a sale or transaction, before any deductions or expenses are accounted for.

Commission Charges

Fees assessed for services provided, often calculated as a percentage of the transaction value, such as in trading or sale transactions.

Dividend

A Dividend is a portion of a company's earnings distributed to its shareholders, typically in the form of cash or additional shares.