Given the Least Squares Regression Line $\hat { Y } = 8 - 3 X$

question 42

Multiple Choice

Given the least squares regression line, $\hat { Y } = 8 - 3 X$

• A) the relationship between X and Y is positive
• B) the relationship between X and Y is negative
• C) as X increases,so does Y
• D) as X decreases,so does Y
• E) there is no relationship between X and Y

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Definitions:

LDCs

Least Developed Countries (LDCs) are low-income countries confronting severe structural impediments to sustainable development, often characterized by weak socioeconomic indicators.

Population Growth

The increase in the number of individuals in a population over time, due to factors like birth rates exceeding death rates or immigration.

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

Gross Saving

Gross Saving is the total amount of savings made within an economy before any deductions for depreciation or consumption.