Examlex
Matthew has to compose an important e-mail message to a client. What advice should Matthew follow?
Expected Value
The predicted average of a random variable, calculated by multiplying each possible outcome by its probability and summing the results.
Random Variable
A variable whose possible values are numerical outcomes of a random phenomenon.
Regression Equation
A formula derived from regression analysis that predicts the dependent variable based on the values of one or more independent variables.
Regression Model
A statistical technique used to predict the value of a dependent variable based on the values of one or more independent variables.
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