A Correlation Matrix Must Always Have 1's Along Its Diagonal

question 3

True/False

A correlation matrix must always have 1's along its diagonal (because a variable is always perfectly correlated with itself)and numbers between −1 and +1 elsewhere.

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Definitions:

Noncompetition Clause

A contract provision that prohibits a party from engaging in similar business or trade in competition against another party.

Liability Waiver

A legal document in which a person agrees to relinquish the right to sue or claim against another party in case of injury or damage.

Illegal Agreement

A contract based on the premise or performance of an activity that violates the law, making it unenforceable.

Noncompetition Clause

A provision in a contract that restricts one party from entering into or starting a similar profession or trade in competition against another party.