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Suppose the government used the following formula to compute a family's tax liability: Taxes owed = 28% of income - $8,000. How much would a family that earned $20,000 owe?
Linear Model
A mathematical representation of a relationship between two or more variables where the effect is proportional to the cause.
Labeled Points
Points in a dataset that are annotated with additional information, such as a category or label, useful in supervised machine learning.
Data
Information collected for reference or analysis, often in the form of numbers, text, or images.
Model
A simplified representation of a system or process used for analysis or to make predictions.
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