The Formula for the Point-Biserial Correlation Coefficient Was Derived from the Formula

question 61

True/False

The formula for the point-biserial correlation coefficient was derived from the formula for the Pearson correlation coefficient.

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Definitions:

Performance

Execution or completion of duties or tasks as required or agreed upon in a contract.

Material Breach

A significant failure to perform a part of a contract that permits the other party to either demand performance or terminate the agreement.

Buyer's Obligations

The duties and responsibilities a buyer assumes in a transaction, such as paying the purchase price and complying with the terms of the agreement.

Contract

An agreement between two or more parties creating enforceable obligations.