Examlex
Ten different families were tested for the average number of gallons of water they used per day before and after viewing a conservation video. A confidence interval for the difference of the means after and before the training, was determined to be .
Selling Price
The amount of money for which a product or service is sold to customers.
Least-Squares Regression
A statistical method used to determine the line of best fit by minimizing the sum of squares of the differences between observed and predicted values.
Squared Deviations
The squares of the differences between individual observations and the mean of those observations, often used in statistical analysis to measure variance.
Regression Line
A statistical tool used in linear regression analysis that represents the relationship between two variables, showing the expected value of the dependent variable for a given value of the independent variable.
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