If a Linear Regression Equation Predicts More Than 50% of the Variance

question 35

True/False

If a linear regression equation predicts more than 50% of the variance in the Y scores,then the correlation between X and Y must be greater than r = 0.70.

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Definitions:

Assumptions

Predetermined notions or beliefs influencing the understanding or analysis of data or events.

LIFO

"Last In, First Out," an inventory valuation method where the last items put into inventory are the first ones sold.

Merchandise

Goods purchased by a company for the purpose of selling them to customers, typically referring to products in retail businesses.

Ending Inventory

Ending inventory is the total value of all unsold goods a company has at the end of an accounting period, calculated before the new fiscal period begins.