From the Histogram of Residuals Below We Can Say

question 8

Multiple Choice

From the histogram of residuals below we can say

• A) that the nearly normal condition is satisfied
• B) that the nearly normal condition is not satisfied
• C) that the equal spread condition is satisfied
• D) that the linearity condition is not satisfied
• E) that the independence assumption is not satisfied

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Definitions:

Financial Statement

Reports that summarize the financial performance, position, and cash flows of a business for a specific period.

Account

An account is a record within an accounting system that is used to store financial transactions of a particular type, such as assets, liabilities, equity, revenues, and expenses.

Withdrawals

Money or other assets taken out from a business by its owner(s) for personal use.

Accounts Receivable

The financial claim a company holds against its customers for sales made on credit, indicating future cash inflows.