The Regression Equation for a Set of Paired Data Is $\hat { y } = 9 + 2 x$

question 72

Multiple Choice

The regression equation for a set of paired data is $\hat { y } = 9 + 2 x$ . The correlation coefficient for the data is 0.87. A new data point, P(12, 53) , is added to the set.

• A) Outlier
• B) Influential point
• C) Both
• D) Neither

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Brokerage Fees

Charges levied by a broker for facilitating transactions between two parties, such as buying or selling stocks.

Available-For-Sale Security

A financial investment not classified as held-for-trading or held-to-maturity, which can be sold in the short term for cash.

Fair Value

An estimate of a security's worth on an open market, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller.

Adjusting Entry

These are journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.