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In a production process,the total time consumed by all tasks is 300 minutes.The total time available is 270 minutes.Given this information,which of the following statements is FALSE?
Probabilistic Model Equation
A mathematical representation of a statistical model that incorporates randomness and accounts for the probability of various outcomes.
Deviation
The difference between a observed value and some reference point, often the mean of the data set.
Regression Line
A straight line that best fits the data points in a scatter plot, showing the relationship between an independent variable and a dependent variable.
Practical Model
A practical model is an applied or practical representation designed to solve real-world problems or to make predictions about events in everyday practical contexts.
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