In the Least Squares Equation, Ŷ = 10 + 20X

question 41

Multiple Choice

In the least squares equation, Ŷ = 10 + 20X, the value of 20 indicates ____________.

• A) The Y-intercept increases by 20 units for each unit increase in X
• B) That Y increases by 20 units for each unit increase in X
• C) That X increases by 20 units for each unit increase in Y
• D) The error in prediction

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Definitions:

Relinquished

Refers to the act of giving up or surrendering a right, possession, or claim.

Capital Account Balance

The amount recorded in a company's equity section of the balance sheet that represents the total capital from owners or shareholders.

Partnership Profits

Partnership profits refer to the net earnings generated from the operations of a partnership, which are shared among partners according to their partnership agreement.

Ownership Interest

A share or stake in a company or property, indicating the holder's rights to its assets and profits.