i. The technique used to measure the strength of the relationship between two sets of variables
Using the coefficient of correlation and the coefficient of determination is called regression analysis.
ii. In order to visualize the form of the regression equation, we can draw a scatter diagram.
iii. A line found using the least squares principle is the best-fitting line because the sum of the
Squares of the vertical deviations between the actual and estimated values is minimized.
A) (i) , (ii) , and (iii) are all correct statements.
B) (i) and (ii) are correct statements but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) (i) , (ii) , and (iii) are all false statements.
Correct Answer:
Verified
Q32: Information was collected from employee records to
Q33: Data is collected from 20 sales people
Q34: i. In order to visualize the form
Q35: Assume the least squares equation is Y'
Q36: Information was collected from employee records to
Q38: Information was collected from employee records to
Q39: Information was collected from employee records to
Q40: i. The technique used to measure the
Q41: The partial MegaStat output below is regression
Q42: The partial MegaStat output below is regression
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