A(n) ________ Is a Point Lying Far Away from Other

question 149

Multiple Choice

A(n) ________ is a point lying far away from other data points on a scatterplot.

• A) residual point
• B) least-squares point
• C) outlier
• D) marginal point

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Definitions:

Collusion

A secret agreement or cooperation between two or more parties for a deceitful, illegal, or fraudulent purpose.

Duty of Performance

An obligation in contract law requiring parties to complete their contractual obligations.

Agency Agreement

A legal contract creating a fiduciary relationship whereby the first party ("the principal") agrees that the actions of a second party ("the agent") binds the principal to later agreements made by the agent as if the principal had himself personally made the later agreements.

Gratuitous Basis

A voluntary action carried out without the expectation of payment or compensation.