Which of the Following Correctly Describes an Estimated Regression Line

question 49

Multiple Choice

Which of the following correctly describes an estimated regression line?

• A) It might be represented by the equation.
• B) It is a line calculated from census data by the method of least squares.
• C) The values of a and b found in the equation of the estimated regression line represent the line's slope and intercept, respectively.
• D) None of these.

---

Definitions:

Business-to-Business

Commercial transactions or relationships between two businesses, rather than between a company and individual consumers.

Marketing

Marketing encompasses the activities, strategies, and processes used to promote and sell products or services, including market research, advertising, distribution, and customer relationship management, aiming to satisfy customer needs and achieve business objectives.

Business-to-Government

Transactions conducted between companies and governmental bodies.

Consumer-to-Consumer

A type of commerce where private individuals trade goods, services, or information directly with each other, often facilitated by a third-party platform.