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Your roommate plays a Pick Three lottery game, with probability one in one thousand (0.001) of winning the largest prize. He has played every opportunity (daily, morning and night) for the past year, using his area code, and has never won-730 losses in a row. What is the probability he wins the largest prize on the next drawing?
SSE
Short for Sum of Squared Errors, a measure used in statistics to describe the total deviation of data points from their fitted values in a regression analysis.
Y-intercept
The point where a line, curve, or function crosses the y-axis of a graph.
Dependent Variable
In an experiment or statistical model, the variable that is expected to change as a result of manipulations in the independent variable.
Independent Variable
A factor in a study or simulation that is deliberately altered to see its impact on a variable that depends on it.
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