What Criterion Is Used to Establish the Best "Fit" of a Straight

question 5

Multiple Choice

What criterion is used to establish the best "fit" of a straight line through the points on a scatter diagram?

• A)the plum line criterion
• B)the least squares criterion
• C)the bearing line criterion
• D)the b slope criterion
• E)the right angle criterion

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Bottom Line

In finance, it refers to the net income or profit of a business after all expenses have been deducted from revenues. In general use, it means the final outcome or conclusion.

Net Income

The total profit of a company after all expenses and taxes have been deducted from its total revenue.

Assets and Liabilities

Assets are resources owned by a business or individual offering future economic benefits, while liabilities are obligations that deplete resources.