10.3.3.
Explain what is wrong with the following statements about
correlation and regression:
a. "The correlation between the number of years of education and
yearly income is 1.23."
b. "The regression equation that describes the relationship
between the age of a used Ford Mustang and its value is ? =
-1,000x + 10,000 where the explanatory variable is the age of the
automobile (in years) and the response is its value (in dollars).
The correlation describing this relationship is 0.83."