The Regression Line Has Been Fitted to the Data

question 61

Multiple Choice

The regression line has been fitted to the data points (4,8) ,(2,5) ,and (1,2) .The sum of the squared residuals will be:

• A)7
• B)15
• C)8
• D)22

---

Definitions:

Amortization

The process of spreading the cost of an intangible asset over its useful life, recognizing a portion of the expense each accounting period.

Intangible Assets

Non-physical assets owned by a business that have value, such as intellectual property, brand recognition, and goodwill.

Discarding

The act of getting rid of something that is no longer useful or desired, within a context like inventory management or manufacturing.

Fixed Assets

Permanent tangible properties engaged in business operations, which are unlikely to be used up or exchanged for cash in the span of a year.