Which of the Following Methods Is Used to Help Assess

question 105

Multiple Choice

Which of the following methods is used to help assess whether the regression model meets the assumption of having normally distributed residuals?

• A) Develop a normal probability plot of the residuals.
• B) Develop a histogram of the residuals.
• C) both (a) and (b)
• D) neither (a) nor (b)

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Definitions:

Risk Environment

The surrounding conditions in which a business or organization operates that could potentially cause loss or harm.

Programmed Decision

A decision-making process that follows established procedures or rules for routine situations.

Customer Complaints

Expressions of dissatisfaction or concerns from customers regarding a company's products or services.

Nonprogrammed Decision

pertains to decisions made in response to situations that are unique, are poorly defined and largely unstructured, requiring a custom-tailored solution.