The Least Squares Method for Determining the Best Fit Minimizes

question 304

Multiple Choice

The least squares method for determining the best fit minimizes:

• A)total variation in the dependent variable
• B)sum of squares for error
• C)sum of squares for regression
• D)All of these choices are true.

Analyze data sets for normality and presence of outliers.

Demonstrate understanding of assumptions necessary for performing a t procedure.

Differentiate between cases where t statistic and z statistic are appropriate.

Calculate standard error and understand its importance in hypothesis testing.

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