A Least Squares Regression Line

question 59

Multiple Choice

A least squares regression line

• A)may be used to predict a value of y if the corresponding x value is given
• B)implies a cause-effect relationship between x and y
• C)can only be determined if a good linear relationship exists between x and y
• D)None of these alternatives is correct.

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The aggregate expense associated with producing or acquiring goods or services, including fixed and variable costs.

Expected Profit

The forecasted financial gain from a business activity, calculated as anticipated revenue minus expected costs.

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