Exhibit 14-3 You Are Given the Following Information About Y and X

question 28

Multiple Choice

Exhibit 14-3
You are given the following information about y and x.
-Refer to Exhibit 14-3. The least squares estimate of b₀ equals

• A)1
• B)-1
• C)-11
• D)11

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Definitions:

50th Percentile

A statistical measure indicating the value below which 50% of the observations in a group fall, often used to describe the median of a data set.

Deviation IQ Score

A measure of an individual's intelligence relative to the average IQ of the population, calculated as the deviation from the median IQ score.

Crystallized Intelligence

A type of intelligence characterized by acquired knowledge, skills, and experience, often increasing with age.

Novel Situations

Novel situations refer to new, unfamiliar, or unique circumstances or environments that individuals encounter, often requiring adaptation or new learning.