14.11: Review Questions
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1.
A correlation coefficient is calculated as /**/ -0.92/**/. Provide an interpretation for this correlation coefficient.
2.
Explain what a residual is and how this relates to the best-fit regression model.
3.
Explain how to interpret the slope of the best-fit line.
4.
Explain how to generate a prediction using a linear regression model.
5.
Will the sign of the correlation coefficient always be the same as the sign of the slope of the best-fit linear regression model?