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  3. the correlation coefficient is: the range of val

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

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Advance Math

The correlation coefficient is:

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

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

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

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

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