Briefly respond to the following. (a) Describe in your own words what the Pearson Product-Moment Correlation r measures. (b) Describe in your own words what the Coefficient of Determination R? represents. (c) Explain what the simple linear regression coefficient B1 represents, including its connection to the linear correlation coefficient p.

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04.
Briefly respond to the following.
(a) Describe in your own words what the Pearson Product-Moment Correlation r
measures.
(b) Describe in your own words what the Coefficient of Determination R?
represents.
(c) Explain what the simple linear regression coefficient B1 represents, including its
connection to the linear correlation coefficient p.
(d) Explain the relationship between the parameter ß1 and the statistic bị.
(e) List the assumptions of the simple linear regression model.
Transcribed Image Text:04. Briefly respond to the following. (a) Describe in your own words what the Pearson Product-Moment Correlation r measures. (b) Describe in your own words what the Coefficient of Determination R? represents. (c) Explain what the simple linear regression coefficient B1 represents, including its connection to the linear correlation coefficient p. (d) Explain the relationship between the parameter ß1 and the statistic bị. (e) List the assumptions of the simple linear regression model.
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