In a linear relationship, which of the following accounts for the many possible values of the dependent variable that vary around the mean?
A) the coefficient of the dependent variable X
B) the value of the intercept ß0
C) the random error term ε
D) the standard error SYX

Question

Quizplus · Accepted Answer

The random error term ε accounts for the many possible values of the dependent variable that vary around the mean in a linear relationship. This term represents the variation in Y that is not explained by the independent variable X and the coefficient of X.

In a Linear Relationship, Which of the Following Accounts for the Many