A Researcher Computes a Perfect Negative Correlation,in Which Each Data

question 79

Multiple Choice

A researcher computes a perfect negative correlation,in which each data point falls exactly on the regression line.In this example,the value of the standard error of estimate will be

• A)less than 0
• B)greater than 0
• C)equal to 0
• D)There is not enough information to answer this question.

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Definitions:

Labor

The work and time for which employees are paid.

Resources

The total means available for economic and political development, such as minerals, labor, and capital.

Absolute Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than competitors.

Barrels

A unit of measure for volume commonly used in the oil industry, equivalent to 42 U.S. gallons.