The Value of Pearson's R Is Always Between 0 and 1

question 15

True/False

The value of Pearson's r is always between 0 and 1.

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Definitions:

Rancher

A person who owns or manages a ranch, where livestock such as cattle or sheep are raised.

Farmer

A person involved in farming, cultivating living beings for consumption or raw materials.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others, enabling more efficient trade.

Austria

A landlocked country in Central Europe, known for its rich cultural history, and contributions to art, music, and science.