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The values of correlation always range from –1 to 1.
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Given the fitted the regression equation of E(Price │ Weight) =-260 + 3721 ⨯ Weight and an RMSE from the regression of 32, then which of the following is the approximate 95% prediction interval for the price of a diamond that weighs 0.2 carats? Assume that the residuals are Normally distributed and that the prediction is within the range of the data that was used to fit the model.
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If you invested $100 in a savings bond that yields 4% interest (compounded quarterly) on 1/1/2010, how much would the savings bond be worth on 1/1/2011?
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