If the Correlation Between Two Variables Is 1, Then the Points

question 23

Multiple Choice

If the correlation between two variables is 1, then the points of their scatterplot:

• A) all lie within 1 unit of the regression line.
• B) all lie within \(\frac{1}{2}\) unit of the regression line.
• C) all lie on the regression line.
• D) lie so that exactly half of the points are on each side of the regression line.

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Definitions:

Jewelry Store

A retail business establishment specialized in selling jewelry, including rings, necklaces, earrings, and bracelets.

Insurable Interest

A requirement in insurance policies that the policyholder must stand to suffer a financial loss from the insured event, giving them a legitimate interest in seeking coverage.

Buyers

Individuals or entities that purchase goods or services.

Sellers

Individuals or entities that offer goods or services for sale to buyers.