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Which of the following are true assumptions underlying linear regression? (1) For each value of X,there is a group of Y values that is normally distributed.
(2) The means of these normal distributions of Y values all lie on the regression line.
(3) The standard deviations of these normal distributions are equal.
Board of Directors
A group of individuals elected to represent shareholders and make major decisions regarding the company's management, operations, and financial policy.
Business Judgment Rule
A legal principle that protects company directors and officers from liability for decisions made in good faith and in the company's best interest.
Insider Trading
The illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.
Binding Arbitration
A legal process where a dispute is resolved by an impartial third party, whose decision is final and binding.
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