I the Technique Used to Measure the Strength of the Relationship

question 57

Multiple Choice

i. The technique used to measure the strength of the relationship between two sets of variables using the coefficient of correlation and the coefficient of determination is called regression analysis. ii. In order to visualize the form of the regression equation, we can draw a scatter diagram.
iii. When a regression line has a zero slope, indicating a lack of a relationship, the line is horizontal to the x-axis.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

UCC

Stands for the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Communication

The process of exchanging information, ideas, thoughts, and feelings through spoken words, writing, signals, or behavior.

Mirror Image Rule

A principle in contract law that demands an acceptance must exactly match the terms of the offer for a valid contract to be formed.

Commercial Transactions

The exchange of goods, services, or funds in a business context, often governed by legal regulations and agreements.