For the Regression Line, ŷ = 21 − 5x, 21

question 3

True/False

For the regression line, ŷ = 21 − 5x, 21 is the y-intercept of the line.

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Definitions:

Paycheque

A check issued to an employee for earned wages, representing the net amount after deductions such as taxes and social security contributions.

Compensating Balances

A minimum bank account balance a borrower is required to maintain as part of a loan agreement, offering the bank some security.

Transactional Motive

The transactional motive is the need to hold cash for the purpose of conducting day-to-day business operations, such as paying wages and suppliers.