Which of the Following Is Not One of the Assumptions

question 28

Multiple Choice

Which of the following is not one of the assumptions of regression?

• A)There is a population regression line that joins the means of the dependent variable for all values of the explanatory variables.
• B)The response variable is normally distributed.
• C)The standard deviation of the response variable increases as the explanatory variables increase.
• D)The errors are probabilistically independent.

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Definitions:

Operating Efficiency

Refers to the ability of a business to deliver services or products in a cost-effective manner while maintaining high quality.

Crude Oil Prices

The cost per barrel of crude oil on the global markets, influencing energy prices and economic indicators.

OPEC

The Organization of the Petroleum Exporting Countries (OPEC) is an international cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market.

Tax Burden

The overall economic weight of taxation on an individual, corporation, or other entity, often measured as a percentage of income or revenue.