The following sample observations were randomly selected. X: 4 5 3 6 10 Y:4657 7 a. Determine the regression equation. b. Determine the value of when X is 7
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Answer:
The correlation coefficient is a unitless coefficient that represents the linear relationship between the parametric variables. The range of the correlation coefficient is
[
−
1
,
1
]
. The value of
1
represents a very strong relationship while a value of
0
represents a no relationship between the variables.
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