For the Regression Equation,Ŷ = -2X + 6,if the X

question 30

Multiple Choice

For the regression equation,Ŷ = -2X + 6,if the X value is above the mean (positive deviation) ,what can be determined about the predicted Y value?

• A)The predicted Y value will be above the mean for the Y scores.
• B)The predicted Y value will be below the mean for the Y scores.
• C)The predicted Y value will be equal to the mean for the Y scores.
• D)It is impossible to determine where the predicted Y value will be.

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Definitions:

Short-Run Aggregate Supply

The total supply of goods and services that firms in an economy want to sell at a given price level in the short term.

Spending Multiplier

A concept in economics that represents how changes in autonomous spending lead to changes in total economic output.

Budget Surplus

A situation where a government's revenues exceed its expenditures within a specific period.

Equilibrium Output

The level of output at which the quantity of goods produced equals the quantity of goods consumed, often resulting in market stability.