The stronger the correlation the more precise is the bestfit

The stronger the correlation, the more precise is the best-fitting line in coming close to all the points on a scatterplot.

Solution

It is TRUE. [ANSWER]

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\"Strong\" correlation means an absolute value of r being close to 1. The closer it is to 1, the closer the points are to the line.

It it is exactly 1, then the points perfectly lie on the line.