If You Plotted Data Between Two Variables and the Points

question 71

True/False

If you plotted data between two variables and the points all fell precisely in a straight line that was sloping upward to the right,your correlation coefficient would be equal to +1.0.

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Definitions:

Horizontal Exchanges

refer to marketplaces or platforms that facilitate the trading, sharing, or selling of goods, services, or information between entities within the same industry or sector.

Many Industries

This refers to the broad range of sectors and fields within the economy, encompassing various types of businesses and production methods.

Vertical Exchanges

Online marketplaces connecting buyers and sellers within specific industries or sectors, facilitating more specialized transactions than traditional horizontal marketplaces.

Given Industry

Refers to a specific sector or market within the economy that is identified by its particular products, services, or business activities.