Give at least three examples where you could envision errors-in-variables problems.For the case where the measurement error occurs only for the explanatory variable in the simple regression case,derive 
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Definitions:
Breached Contract
An agreement that has been broken or violated by one or more of the parties involved.
Statute Of Limitations
A law prescribing the maximum period within which legal action can be taken for a specific offense or civil wrong.
Warranty Claim
A formal request made by a purchaser regarding a defect in a product that is covered under a warranty, seeking repair, replacement, or compensation.
UCC
Stands for the Uniform Commercial Code, which is a comprehensive set of laws governing all commercial transactions in the United States.
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