A Financial Regression Yielded a Standard Error of 12 Dollars

question 123

Multiple Choice

A financial regression yielded a standard error of 12 dollars, so a residual of 23 dollars would be:

• A)a rather poor prediction.
• B)an extreme outlier in the residuals.
• C)an observation with high leverage.
• D)an outlier, but not extreme.

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Definitions:

Conscientiousness

A personality trait that shines a light on an individual's organized nature, their reliability, and their strong adherence to duties.

Personality Trait

a consistent pattern of thoughts, emotions, and behaviors that distinguish one individual from another.

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A person's drive to pursue and meet goals through hard work and effort.

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A method of data collection where participants provide responses to questions on a questionnaire about themselves, often used in research settings.