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if the relationship between two variables is linear and the coefficient of determination (R2) has a value near 1, the scatter diagram has what appearance

if the relationship between two variables is linear and the coefficient of determination (R2) has a value near 1, the scatter diagram has what appearance

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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if the relationship between two variables is linear and the coefficient of determination (R2) has a value near 1, the scatter diagram has what appearance?
If the relationship between two variables is linear and the coefficient of determination (\(R^2\)) has a value near 1, the scatter diagram has what appearance? - A) The points fall along a horizontal straight line. - B) The points cluster loosely, forming a circle or oval around a central point. - C) The points fall along a vertical straight line. - D) The points fall along a straight line that is not parallel either to the x-axis or the y-axis.
Transcribed Image Text:If the relationship between two variables is linear and the coefficient of determination (\(R^2\)) has a value near 1, the scatter diagram has what appearance? - A) The points fall along a horizontal straight line. - B) The points cluster loosely, forming a circle or oval around a central point. - C) The points fall along a vertical straight line. - D) The points fall along a straight line that is not parallel either to the x-axis or the y-axis.
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