Choices Must Be Made in the Use of Resources

question 3

Multiple Choice

Choices must be made in the use of resources

• A)because they are limited in supply.
• B)because they are limited in demand.
• C)only if the resources are non-renewable.
• D)because they are in infinite supply.

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Definitions:

Regression Line

A straight line that best fits the data on a scatter plot, indicating the average relationship between the independent and dependent variables.

Coefficient Of Determination

A statistical measure, often denoted as R-squared, that represents the proportion of the variance in the dependent variable that is predictable from the independent variables, indicating the strength of the relationship.

Variation

The measurable difference between members of a population or set of data points.

Coefficient Of Correlation

An evaluative score indicating the intensity and directional path of a linear connection between two factors.