   Chapter 14.6, Problem 2LCB Essentials of Statistics for the B...

8th Edition
Frederick J Gravetter + 1 other
ISBN: 9781133956570

Solutions

Chapter
Section Essentials of Statistics for the B...

8th Edition
Frederick J Gravetter + 1 other
ISBN: 9781133956570
Textbook Problem

As the numerical value of a correlation increases, what happens to the standard error of estimate?

To determine

To explain: What happens to the standard error to estimate if the numerical value of the correlation increases.

Explanation

The numerical value of the correlation indicates the how well the data points fit in a straight line. A value of 1.00 or –1.00 indicates a perfect linear fit and a value of zero indicates no linear trend...

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