In Business Statistics Class Students Sit Randomly Without Preferences

question 122

True/False

In business statistics class students sit randomly without preferences.A sample is selected by including everybody who sits in the first row.This is an example of a cluster sample.

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Definitions:

Least Squares

A mathematical method used to find the best-fitting line through a set of points by minimizing the sum of the squares of the distances from the points to the line.

Regression Line

A straight line that best fits the data points on a scatter plot, showing the relationship between two variables.

Models

Replicas or systems that represent, simulate, or describe complex phenomena for the purpose of analysis or prediction.

Model Significant

Refers to the degree to which a statistical model's parameters are meaningful and impactful for understanding the data.