I a Coefficient of Correlation R Close to 0 (Say

question 115

Multiple Choice

i. A coefficient of correlation r close to 0 (say, 0.08) shows that the relationship between two
Variables is quite weak.
ii. If the coefficient of correlation is 0.68, the coefficient of determination is 0.4624.
iii. The standard error of estimate measures the accuracy of our prediction.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Family of Four

A household unit consisting of four members, typically two adults and two children, often used for statistical or planning purposes.

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The total amount of monetary earnings or receipts acquired by an individual or household over a certain period.

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The organizing of individuals into groups based on shared characteristics or criteria, which can range from demographic factors to skill sets.

Wealth

A measure of the total value of all the assets owned by an individual, company, sector, or country.