Consider the Four Points (20,20), (30,50), (40,30),and (50,60)

question 17

Multiple Choice

Consider the four points (20,20) , (30,50) , (40,30) ,and (50,60) .The least squares line is
= 5 + 50x.Explain what "least squares" means using these data as a specific example.

• A)The line = 5 + 50x minimizes the sum of the vertical distances from the points to the line.
• B)The line = 5 + 50x minimizes the sum of the squared vertical distances from the points to the line.
• C)The line = 5 + 50x minimizes the sum of the squared horizontal distances from the points to the line.
• D)The line = 5 + 50x minimizes the square of the standard deviation.
• E)The line = 5 + 50x minimizes the sum of the squared difference between the x and y values.

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Definitions:

Individual Freedoms

The rights and liberties that can be claimed by individuals by virtue of being human, such as freedom of expression and freedom of movement.

Exclusive Representation

A legal status in which a single labor union represents all employees in a bargaining unit in negotiations with the employer.

Competing Unions

A situation where two or more labor unions within the same workplace or industry vie for membership and representation rights.

Company Dominated Unions

Refers to labor unions that are unduly influenced or controlled by employers, which can undermine the union's effectiveness in representing workers' interests.