When Using Simple Linear Regression,we Would Like to Use Confidence

question 65

Multiple Choice

When using simple linear regression,we would like to use confidence intervals for the ___________ and prediction intervals for the ___________ at a given value of x.

• A)individual y-value,mean y-value
• B)Mean y-value,individual y-value
• C)Slope,mean slope
• D)y-intercept,mean y-intercept

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Definitions:

Marginal Utility

Marginal Utility is the added satisfaction or benefit a consumer receives from consuming one more unit of a good or service.

Diminishing Marginal Utility

The principle that the utility or satisfaction gained by consuming each additional unit of a good or service decreases as more of that good or service is consumed.

Marginal Utility

The extra pleasure or benefit derived from consuming an additional unit of a product or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.