If the Residuals Have a Constant Variance, Which of the Following

question 39

Multiple Choice

If the residuals have a constant variance, which of the following should be evident?

• A) The residuals should have a variance equal to zero for all levels of the independent variable.
• B) The plot of the residuals against each x variable should show that the spread in the residuals is about the same at all levels of each of the independent variables.
• C) The average residual should be about zero and the residual standard deviation should be approximately 1.
• D) None of the above

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Definitions:

Prudent Person

A legal standard referring to the hypothetical individual who exercises the care, diligence, and wisdom that a reasonable person would under similar circumstances.

Checkroom

A place where visitors can deposit their personal belongings, such as coats and bags, for safekeeping.

Bailment

The act of placing property into the temporary custody or care of another, typically under an agreement for a specific purpose.

Damages

Monetary compensation ordered by a court for harm or injury suffered by an individual.