Calculate population correlation coefficient

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Reference no: EM13111363

Calculate the following statement- A very large sample size in a regression problem will always produce useful results.
1. It will not produce important results not necessarily useful results. We might be quite definite that the population correlation coefficient is .05 for example and then look for another predictor.
2. It might produce significant results however not necessarily useful results.
3. It will produce important results not necessarily useful results. We might be quite definite that the population correlation coefficient is .05 for example as well as then look for another predictor.

Reference no: EM13111363

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