The Following Statement About the Sample Correlation Coefficient Is True

question 55

Multiple Choice

The following statement about the sample correlation coefficient is true.

• A)-1 ≤ rX,Y ≤ 1.
• B) corr(Xi,Yi).
• C)| rX,Y | < 1.
• D)rX,Y = .

---

Definitions:

Prior Probabilities

The probabilities initially assigned to hypotheses or events based on background knowledge before new data is taken into account.

States of Nature

Scenarios or conditions in decision-making models that are outside the decision maker's control, representing different possible outcomes of external factors.

Sporting Goods Store

A retail business that specializes in selling equipment, clothes, and other items related to sports and outdoor activities.

Purpose

The reason for which something is done or created or for which something exists, often providing motivation or direction.