In a Simple Linear Regression Model, If the Points on a Scatter

question 9

Multiple Choice

In a simple linear regression model, if the points on a scatter diagram lie on a straight line with a negative slope, which of the following is the coefficient of determination?

• A) −1
• B) 0
• C) +1
• D) Infinity

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Definitions:

Inventory

The complete quantity of products and materials in a company's possession intended for future sale or manufacturing.

Cost Of Goods Sold

An accounting term that represents the direct expenses related to the production of goods sold by a company.

Statement Of Income

A financial report that shows a company’s revenues, expenses, and profits over a specific period, commonly referred to as an income statement or profit and loss statement.

ASPE

Accounting Standards for Private Enterprises; a set of accounting standards for privately-held companies in Canada, providing simpler alternatives to International Financial Reporting Standards (IFRS).