If the Value of the Pearson Correlation Between Two Variables

question 34

True/False

If the value of the Pearson correlation between two variables is r = +1.00 or 1.00,then all data points in a scatter plot will fit perfectly on a straight line.

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Definitions:

Upper Middle Class

A socioeconomic group that is above the middle class, often characterized by higher education, professional employment, and above-average income.

Lorenz Curve

A graphical representation of income or wealth distribution within a population, often used to illustrate economic inequality.

Distribution Of Income

How a nation’s total earnings are spread among its population, impacting wealth inequality.

Wealth

Anything that has value because it produces income or could produce income.