A Correlation Coefficient of 1

question 16

True/False

A correlation coefficient of 1.0 between variables X and Y indicates that there is a perfect linear relationship between these two variables.

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Definitions:

Cent

A monetary unit in various countries, equal to one hundredth of a dollar, euro, or other decimal currency unit.

Significant Figures

Digits in a number that contribute to its accuracy, indicating the precision of a measurement.

Percent

A unit of measure that represents one hundredth of a whole.

Perfect Accuracy

The condition of being completely correct or precise without any error.