According to the Empirical Rules,approximately 38% of the Observations Will

question 6

True/False

According to the empirical rules,approximately 38% of the observations will fall within two standard deviations of the mean.

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Definitions:

Y′ Symbol

A notation generally used to represent predicted values, especially in the context of regression analysis.

Y Intercept

The y-intercept is the point where a line or curve intersects the y-axis of a graph.

Y Predictor

A variable used in statistical models to predict another variable, often denoted as the independent variable.

Regression Line

A straight line that best fits the data on a scatterplot, showing the average relationship between the independent and dependent variables.