The Position of the Least-Squares Regression Line Is Defined by Two

question 6

Multiple Choice

The position of the least-squares regression line is defined by two elements:

• A)the X intercept and the slope of the line.
• B)the X intercept and the Y intercept.
• C)the Y intercept and the slope of the line.
• D)the intersection point of the X and Y axes and the slope of the line.

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Definitions:

Concept

An abstract idea or a general notion that exists in the mind as part of the thinking process.

Paradox of Voting

A situation in economic theory where the cost of voting (time, effort) outweighs the apparent benefits, leading to the question of why people vote.

Rent-seeking Behavior

Activities aimed at gaining economic benefits without contributing to productivity, often through manipulation or exploitation of the political environment.

Limit

The maximum or minimum threshold that parameters, values, or quantities can reach.