[See Solution] [12 Marks] True, False or Uncertain: Justify your answer If the correlation between the two variables is zero, it means that there is no relationship
Question: [12 Marks]
True, False or Uncertain: Justify your answer
- If the correlation between the two variables is zero, it means that there is no relationship between the two variables whatsoever.
- If you reject the specific null hypothesis at 1% level of significance then the same null hypothesis will be rejected at 5% level of significance as well.
- The R 2 corresponding to the simple linear regression model \({{y}_{i}}={{\beta }_{1}}+{{\beta }_{2}}{{X}_{i}}\) measures the correlation coefficient between y and x.
- \({{y}_{i}}={{\beta }_{1}}+{{\beta }_{2}}X_{i}^{2}+{{\varepsilon }_{i}}\) is a non-linear model.
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