In a Simple Linear Regression Analysis (Where Y Is a Dependent

question 125

Multiple Choice

In a simple linear regression analysis (where y is a dependent and x an independent variable) , if the y-intercept is positive, then

• A) there is a positive correlation between x and y.
• B) if x is increased, y must also increase.
• C) if y is increased, x must also increase.
• D) the estimated regression line intercepts the positive y-axis.

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Definitions:

Cost Conditions

The various factors affecting the total expenses incurred by businesses in the production or delivery of goods and services.

Cost Conditions

The various factors and elements that influence the total cost of production, including material costs, labor, and overhead.

Demand Conditions

The various factors affecting consumer desire for goods or services, including price, income levels, and preferences.

Monopolist

A market participant who has exclusive control over the supply of a particular good or service, allowing them to potentially set prices above competitive levels.