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Consider the relationship between the following variables: Household income Square footage of the primary residence Household income would be considered the independent variable. A scatter
- Consider the relationship between the following variables:
- Household income
- Square footage of the primary residence
- Household income would be considered the independent variable.
- A scatter plot is a useful tool to examine the data before conducting correlation analysis.
- A relationship is linear if the scatter plot of the independent and dependent variables has a straight-line pattern.
- The values of the correlation coefficient range between -1.0 and +1.0.
- If two variables have a correlation coefficient equal to +0.75, the scatter plot will have an upward slope moving from left to right.
- If two variables have a correlation coefficient equal to +0.70 from a sample size of 9, we can conclude that the population correlation coefficient is greater than zero using = 0.05.
- An ordered pair is a set of x and y values that pertain to a specific observation.
- The least squares method is a mathematical procedure used to identify the linear equation that best fits a set of ordered pairs.
- The slope value for a regression equation represents the average change in the dependent variable for a one-unit increase in the independent variable.
- The total sum of squares can never be negative.
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