Which of the following statements relating to correlation and reegression are true?
1. The coefficient of correlation is independent of change of origin and scale
2. The coefficient of correlation between the two variables is the arithmetic average of the two regression coefficients
3. The probable error of the coefficient correlation is 0.6745 times of its standard error
4. Coefficient of correlation multiplied by the ratio between the standard deviations of the two variables denotes the slope of the regression line
Select the correct answer:
A. 1, 2 and 3
B. 1, 3 and 4
C. Both 2 and 4
D. 2, 3 and 4
Answer: Option B
This Question Belongs to Management >> Business Statistics
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