The Scatter Chart Below Displays the Residuals Verses the Dependent

question 48

Multiple Choice

The scatter chart below displays the residuals verses the dependent variable, x. Which of the following conclusions can be drawn based upon this scatter chart? ​

• A)The residuals have a constant variance.
• B)The model fails to capture the relationship between the variables accurately.
• C)The model over predicts the value of the dependent variable for small values and large values of the independent variable.
• D)The residuals are normally distributed.

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Definitions:

Ranking

Ranking is the act of ordering or classifying entities based on criteria or performance, often used for comparison or competitive purposes.

Forced Distribution

A performance evaluation method where employee evaluations are distributed along a bell curve, forcing a ranking of employees into categories.

Performance Management

The comprehensive approach of setting objectives, assessing progress, and providing ongoing feedback to ensure that employees meet their career goals and organizational needs.

Measurable Performance Goals

Measurable performance goals are specific, quantifiable objectives set for employees or teams to achieve within a set timeframe.