Which of the Following Is Not One of the Assumptions

question 30

Multiple Choice

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

• A)There is a population regression line.
• B)The explanatory variable is normally distributed.
• C)The response variable is normally distributed.
• D)The errors are probabilistically independent.

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Definitions:

Quantity of Output

The amount of goods or services produced by a company, sector, or economy within a specific period.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the average cost per unit of output.

Total Cost

The complete cost of production, including both fixed and variable costs, incurred by a firm in producing a specific amount of output.

Variable Cost

Expenses that fluctuate based on the volume of goods or services a company generates, including materials and labor.