THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 5

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A college administers for all its courses a student evaluation questionnaire.For a random sample 12 courses the accompanying table shows both the average student ratings of the instructor (on a scale from 1 to 5),and the average expected grades of the students (on a scale from 0 to 4).

-What does the least-squares criterion have to do with obtaining a regression line for a given set of data?

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Definitions:

Evolutionary Stable Strategy

A strategy in a game theoretical model that cannot be invaded by any alternate strategy if it is adopted by a population.

Saints

Individuals recognized for their holiness, virtue, and often miraculous deeds within many religious traditions, revered and often canonized after death.

Crooks

Persons who are dishonest or engage in illegal activities.

Time-Discounted Profits

The present value of profits expected in the future, adjusted for the time value of money.