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RSB [31]
2 years ago
5

What will the error in prediction be when the absolute value of the correlation coefficient is 1?

Social Studies
1 answer:
horrorfan [7]2 years ago
7 0

0 will the error in prediction be when the absolute value of the correlation coefficient is 1.

The precise metric used in a correlation analysis to quantify the strength of the linear relationship between two variables is the correlation coefficient. In a correlation report, r stands for the coefficient.

In statistics, correlation coefficients are frequently utilized in the field of investing. They are crucial in fields including performance assessment, quantitative trading, and portfolio composition. The correlation coefficient's numerical component expresses how strong the link is. The variables are more firmly associated and the more predictable changes in one variable will be as the other variable changes the closer the number is to one, whether it is negative or positive.

To know more about correlation coefficient refer to:  brainly.com/question/15577278

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blondinia [14]

Answer:

C. The state provided workers at a low-cost to private businesses and plantations.

Explanation:

The convict lease system is a business operation planned by The Prisons in Georgia to turn their convict into labor force.

Private companies (mostly who operated in construction industry) can submit a request to the prison for someone that they can use as workers for their project. In return, the companies will pay some amount of money to the Prison.

Compared to hiring workers from the actual job market, hiring from prisons typically cost the companies a lot less since they technically do not have to compensate the prisoners.

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sleet_krkn [62]

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Explanation:

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Answer:

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Explanation:

5 0
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