In a Regression the Following Pairs of (X, Y) Are

question 64

Multiple Choice

In a regression the following pairs of (x, y) are given: (4, 1) , (4, -1) , (4, 0) , (4, -2) and (4, 2) . Which of the following statements may be deduced from the given information?

• A) The correlation coefficient is -1.
• B) The correlation coefficient is 0.
• C) The correlation coefficient is 1.
• D) The coefficient of determination is between -2 and 2.

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Definitions:

Real Output

The total value of all goods and services produced in an economy, adjusted for inflation, reflecting the true productivity of the economy.

Prime Rate

Prime Rate is the interest rate that banks charge their most creditworthy customers.

Real Interest Rate

Nominal interest rate minus inflation rate.

Monetarist

Pertains to an economic theory focusing on the control of the money supply as a tool for managing economic stability and growth.