If You Are Trying to Predict Y Scores from X

question 15

Multiple Choice

If you are trying to predict Y scores from X scores,X is referred to as the ______.

• A)nominal variable
• B)dependent variable
• C)predictor variable
• D)criterion variable

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Definitions:

Trade-offs

The idea of sacrificing one positive aspect or perk to obtain another that is considered to be more desirable.

Production Possibilities Frontier

A curve depicting the maximum attainable combinations of two products that may be produced with available resources and current technology.

Efficient

Achieving maximum productivity with minimum wasted effort or expense; in economics, an allocation of resources in which it is impossible to make any one individual better off without making someone else worse off.

Inefficient

Refers to a situation where resources are not used in the most effective way, leading to waste or suboptimal outcomes.