Multiple Choice
Answer the question using the value of r and the given best-fit line on the scatter diagram.
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The scatter diagram and best-fit line show the data for the price of a stock (y) and U.S. employment (x) . The correlation coefficient r is 0.8. Predict the stock price for an employment value of 11.
A) 9.8
B) 9
C) 8
D) No valid prediction is possible.
Correct Answer:
Verified
Correct Answer:
Verified
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