When Scores on Y Are Predicted from Scores on X

question 30

Multiple Choice

When scores on Y are predicted from scores on X using a regression equation,the amount of error for a given individual can be represented by the discrepancy between that person's:

• A)actual and predicted Y scores
• B)actual and predicted X scores
• C)a and b
• D)neither a nor b

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Definitions:

Downward-Sloping

Refers to a line or curve on a graph that moves from the upper left to the lower right, indicating a negative relationship between two variables.

Demand Curve

A chart that displays the connection between a product's price and the amount consumers are willing to purchase.

Marginal Revenue

The additional income gained from selling one more unit of a product or service.

Marginal Costs

The increase in total production cost that comes from making or producing one additional unit.