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. The least squares technique minimizes the sum of the squares of the vertical distances between the actual Y values and the predicted values of Y.
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
Q16: A sales manager for an advertising agency
Q17: i. If we are studying the relationship
Q18: In the regression equation, Y' = a
Q19: i. The technique used to measure the
Q20: i. In order to visualize the form
Q22: Information was collected from employee records to
Q23: Information was collected from employee records to
Q24: Data is collected from 20 sales people
Q25: Information was collected from employee records to
Q26: The slope of the regression line:
A) represents
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents