The Slope B₁ of the Least Squares Line Represents

question 77

Multiple Choice

The slope b₁ of the least squares line represents the:

• A) predicted value of Y when X = 0.
• B) estimated average change in Y per unit change in X.
• C) predicted value of Y.
• D) variation around the regression line.

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Definitions:

Deposit

A sum of money placed in an account or given as security for the fulfillment of a contractual obligation.

Exculpatory Clauses

Provisions in a contract that release one party from liability for harm caused, typically found in waiver and release agreements.

Courts

Judicial institutions that are authorized to hear and rule on legal disputes.

Exemption

A provision that releases a party from a legal duty, liability, or obligation in specific circumstances.