If a Least Squares Regression Line Has a Y-Intercept of 6.84

question 59

True/False

If a least squares regression line has a y-intercept of 6.84 and a slope of 2.16, then when x = 1 the actual value of y must be 9.

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Definitions:

CCA Class

In the context of Canadian tax, a classification for tax purposes that dictates the rate at which assets can be depreciated for tax deductions.

After-Tax Lease Payment

The lease payment amount remaining after taxes have been deducted, reflecting the net cost to the lessee.

Tax Rate

The percentage at which an individual or corporation is taxed, which can vary depending on income level, type of income, or other factors.

CCA Class

Categories within the Capital Cost Allowance system that group assets with similar useful lives for the purpose of depreciation.