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A Correlation Matrix Must Always Have 1's Along Its Diagonal

question 2

True/False

A correlation matrix must always have 1's along its diagonal (because a variable is always perfectly correlated with itself)and the correlations between variables elsewhere.


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Withhold

To deduct or hold back a portion of something, such as taxes from a paycheck.

Take-Home Pay

The net amount of income an employee actually receives after deductions such as taxes and retirement contributions.

Voluntary Deductions

Deductions from an employee's paycheck that the employee chooses to have withheld for benefits such as retirement plans, health insurance, and union dues.

Gross Pay

The total earnings of an employee for a payroll period.

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