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Suppose the Residents of Metropolis Travel to Work Either by Bus

question 96

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Suppose the residents of Metropolis travel to work either by bus or train. If the price of train tickets increases, then:


Definitions:

Observations

Individual data points or items recorded during an experiment or survey.

Least Squares Regression Line

A statistical method used to find a straight line that best fits a set of data points by minimizing the sum of the squares of the vertical distances of the points from the line.

Income

The amount of money received by a person or organization, often from employment, investments, or business ventures.

Education

The act of obtaining or providing structured learning, particularly in educational institutions like schools or universities.

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