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Provide an appropriate response.
-Compare the relative frequency formula for finding probabilities to the classical formula for finding probabilities. How are the two formulas similar and how are they different? What special requirements does the classical approach have?
Regression Line
A straight line that describes how a dependent variable y changes as an independent variable x changes.
Error of Estimate
A measure of the deviation of observed values from the values predicted by a regression line, indicating the accuracy of predictions.
Data Point
An observation.
Unique Contribution
A unique contribution refers to a specific, novel input or insight provided by a researcher or study, distinct from previous work in the field.
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