Which One of the Following Tools Is Not Used to Check

question 70

Multiple Choice

Which one of the following tools is not used to check the normality of residuals assumption for a multiple regression model?

• A)Histogram
• B)Stem-and-leaf display
• C)Scatter diagram
• D)Normal plot

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Definitions:

Firm

An organization that produces goods or provides services, usually with the aim of making a profit.

Economic Profit

The difference between the total revenue generated by a business and the total costs, including both explicit and implicit costs.

Minimum Return

The lowest expected or required return on an investment over a specified period.

Long Run

A period of time in which all factors of production and costs are variable, allowing for all adjustments to take place in the analysis of economic conditions.