A Statement of Fact That Can Be Verified by Observation

question 143

Multiple Choice

A statement of fact that can be verified by observation is

• A) an abstraction
• B) a positive statement
• C) a normative statement
• D) a philosophical conundrum
• E) the basis of an assumption

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Definitions:

Regression Slope

Indicates the steepness and direction of the linear relationship between two variables on a regression plot.

Variance

A calculation of how spread out a data set is, determined by the mean of the squared deviations from the average.

Least Squares Estimates

A statistical method used to determine the line of best fit by minimizing the sum of squares of the errors between observed and predicted values.

Slope

In mathematics and statistics, it represents the rate at which a line inclines or declines, showing the change in the dependent variable for a unit change in the independent variable.