A Pearson Correlation of R = -0

question 5

True/False

A Pearson correlation of r = -0.90 indicates that the data points are clustered close to a line that slopes down to the right.

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Definitions:

Implied Authority

The power of an agent to perform acts which are reasonably necessary to accomplish the purpose of an organization.

Express Authority

The power explicitly given to an agent or representative through a contract or agreement to perform certain actions.

Agent

An individual or entity authorized to act on behalf of another (the principal) in dealings with third parties.

Undisclosed Principal

A party in a contract whose identity is not revealed to the other party.