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Cheryl used age, education, and income to predict scores on a life satisfaction survey. Her regression equation accounted for 58% of the variance in life satisfaction. She collects a new sample and applies her equation.
-In Cheryl's second sample, the variance she accounts for will likely __________ due to __________.
Collude
To engage in a secret agreement or cooperation, especially with the intention of cheating or deceiving others.
Cartel
An association of independent businesses or countries that work together to control production, pricing, and marketing of goods to monopolize a market.
Monopoly
A firm that is the sole seller of a product without any close substitutes.
Game Theory
The study of how people behave in strategic situations
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