A Correlation Coefficient Close to −1 Says X and Y

question 82

True/False

A correlation coefficient close to −1 says x and y are highly related.

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Definitions:

Variance

In statistics, a measure of the dispersion or spread of a set of data points or values in a data series.

Standard Deviations

A measure of variability that indicates the average amount each score in a distribution differs from the mean.

Direct-To-Consumer

A business model where companies sell products directly to consumers, bypassing traditional retail channels.

Pharmaceutical Companies

Companies engaged in the research, development, production, and marketing of drugs or medications.