An Example of an Entrepreneur Would Be

question 14

Multiple Choice

An example of an entrepreneur would be

• A) the owner of a Mexican restaurant.
• B) the cafeteria employee who won the employee of the month award.
• C) a local bus driver.
• D) the cashier at your local supermarket.

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Definitions:

Least Squares Line

The line of best fit determined by minimizing the sum of the squares of the differences between observed values and the values predicted by the line.

Predicted Amount

The value estimated based on a statistical model or analysis.

Sales

The exchange of a commodity or service for money; the action of selling something.

Least Squares Regression

A statistical method for estimating the relationship between variables by minimizing the squares of the differences between observed and predicted values.