The Following Are All Least Squares Assumptions with the Exception

question 60

Multiple Choice

The following are all least squares assumptions with the exception of:

• A)The conditional distribution of u_i given X_i has a mean of zero.
• B)The explanatory variable in regression model is normally distributed.
• C)(X_i, Y_i), i = 1,..., n are independently and identically distributed.
• D)Large outliers are unlikely.

---

Definitions:

Life Insurance Policy

A contract with an insurance company that, in exchange for premium payments, provides a lump-sum payment to beneficiaries upon the insured person's death.

Drunken Rage

An extreme anger or aggressive behavior exhibited by an individual under the influence of alcohol, which can lead to unpredictable and potentially harmful actions.

Entire Amount

The entire amount refers to the full sum or total of something, without omitting any part or portion in calculations or distributions.

Insurance Claimed

The process by which an individual or entity requests payment from their insurance company for coverage or compensation for a covered loss.