Examlex
The following figure shows an individual's total cost of renting four apartments located at different distances from her place of work.
-Refer to the figure above.Which apartment is the best feasible choice for the individual?
Scatterplot
A graphical representation of the relationship between two quantitative variables, with individual data points plotted on a two-dimensional axis.
Least Squares
A method for estimating the best-fitting line in linear regression by minimizing the sum of the squares of the differences between observed and predicted values.
Regression Line
A line of best fit through a data set in linear regression, showing the relationship between independent and dependent variables.
Correlation Coefficient
A numerical measurement of the degree of association between two variables, indicating both the strength and direction of the relationship.
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