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BAED-STAT2112 Statistics and Probability

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When all the points on a scatterplot lie on a straight line, you have what is called a perfect correlation between the two variables.

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It is the probability of rejecting the null hypothesis when it is false.

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It gives us a more precise measurement of the relationship between the two variables. 

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The alternative hypothesis states that there is no difference between the hypothesized population mean and the sample mean.

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It is an index that describes the relationship and can take on values between 1.0 and +1.0, with a positive correlation coefficient indicating a positive correlation and a negative correlation coefficient indicating a negative correlation.

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As the confidence interval for a given statistic increases in length, the confidence level increases.

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It provides the general framework of what we are testing and how to perform the test.

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The null hypothesis is false and we reject it.

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It is the range of possible values.

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The value of a perfect negative correlation is ______. 

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