In a study of gender-typing of toys, parents and non-parents were asked to rate the gender appropriateness of toys on a scale of 1 (Definitely for girls) to 5 (Definitely for boys). The investigators did a regression analysis of the parents mean scores vs. the non-parents mean scores for each toy. A computer-generated normal probability plot of the residuals is shown below.
Write a brief paragraph describing the plot. Based on your description recommend to the investigators whether or not the appropriate assumption is met for simple linear regression.
Definitions:
Cash Budget
A financial plan that estimates cash inflows and outflows over a specific period of time, primarily used to assess whether a company has sufficient cash to fulfill its operations and financial commitments.
Manufacturing Overhead Budget
A detailed plan that estimates the expected manufacturing overhead costs for a specific period, assisting in financial planning.
Variable Overhead Rate
The rate at which variable overhead costs are applied to the production process, typically based on a cost driver.
Fixed Manufacturing Overhead
Regular, consistent expenses involved in the operation of a factory that production levels do not affect, such as rent, property taxes, and salaries.
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