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In: Advanced Math

The correlation coefficient is: the range of values over which the probability may be estimated based...

The correlation coefficient is:

  • the range of values over which the probability may be estimated based upon the regression equation results.

  • the proportion of the total variance in the dependent variable explained by the independent variable.

  • the measure of variability of the actual observations from the predicting (forecasting) equation line.

  • the relative degree that changes in one variable can be used to estimate changes in another variable.

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Expert Solution

Colby Messinger answered 2 years ago
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