Linear correlation coefficient for pairs of sample data

Reference no: EM1393551

A jeweler at Tiffany & Company computes the value of the linear correlation coefficient for pairs of sample data consisting of Tiffany prices for gold wedding rings and the corresponding prices at a discount store. She obtains a value of r = 1 and concludes that the prices at both companies are the same. Is she correct? Why or why not?

Reference no: EM1393551

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