Question: What does the mathematically determined line produced by a regression program represent? a. The best fitting relationship between the dependent and independent variable when the

What does the mathematically determined line produced by a regression program represent?

 a. The best fitting relationship between the dependent and independent variable when the data points are plotted in a scattergraph

b. A non-mathematical approximation of the relationship between fixed and variable costs in high/low analysis

c. A maximum variance between the dependent and independent variable when the data points are plotted in a scattergraph

d. An approximate relationship between the dependent and independent variable in high/low analysis

Step by Step Solution

★★★★★

3.41 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Ans a The bestfitting relationship between the dependent and independent variable when the da... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

What is the difference between a dependent and independent data mart?

Q:

The following data represent a dependent variable and four independent variables: a. Use the standard stepwise regression to produce an estimate of a multiple regression model to predict y. Use 0.15...

Q:

When developing a regression model to predict a dependent variable y, it is best, if there are enough data, to build the model using one data set (called the training data set) and then validate the...

Q:

1. Make a list of the ways in which Hyman and Fleiss vetted their business idea prior to launch. How long was it between the initial idea for Rent the Runway and when the business was launched? What...

Q:

Learning to Cope With International Time Assume you are a virtual assistant working from your home. As part of your job, you schedule webcasts, online chats, and teleconference calls for...

Q:

The Seitz Corporation, a QS 9000 certified organization based in Torrington,Connecticut, is a leading designer and manufacturer of thermoplastic motion control systems and components and an industry...

Q:

The Seitz Corporation, a QS 9000 certified organization based in Torrington, Connecticut, is a leading designer and manufacturer of thermoplastic motion control systems and components and an industry...

Q:

Return to the data for Exercise 5. Assume that Q&H has a third party willing to manufacture detergent as needed for $2,300 per ton. Repeat the analysis for all questions (a) through (e). Data From...

Q:

"I don't know whether to sell it, expand it, lease it, or what. But I don't think we can keep doing the same thing for many more years. What I really want to do is to keep it for 5 more years, then...

Q:

The term regression was originally used in 1885 by Sir Francis Galton in his analysis of the relationship between the heights of children and parents. He formulated the law of universal regression,...

Q:

Raheem & Co. purchased a fixed asset on 1.4.2018 for Rs.2,50,000. Depreciation is to be provided @10% annually according to the Straight-line method. The books are closed on 31st March every year....

Q:

In 2009, Mark Zuckerberg made sweeping changes to the privacy controls of Facebook, a leading social media company. Review the Shapiro Library business case study Facebook: The Evolution of Privacy?...

Q:

Use any method t o evaluate the integral. x 3 d x x 2 + 2 5 2 x 3 d x x 2 + 2 5 2 =

Q:

Q.2.a).Write the working rules of method of variation of parameters and Solve the differential equation dx +y = tan x.

Q:

Question 1: What are the 4 techniques/sections devoted to Generating Topics? Question 2: What is a "Research Question"? Question 3: What are 2 ways to refine your Research Question? Question 4: What...

Q:

In less than two decades, Samsung has gone from a little-known copycat consumer electronics brand to the largest consumer electronics company in the world by a wide margin. It accomplished this by...

Q:

In early 2015, two Chinese companies TT and GG entered into a lease agreement, according to which TT would rent out its luxury house to GG for three years. The arbitration clause contained in the...

Q:

Kate contributes $500 on a crowdfunding website (e.g., GoFundMe) to support victims of a recent hurricane. Is the contribution deductible for Kate, and are the proceeds included in gross income for...

Q:

Pick out the nucleophile which has the greatest effect on the rate of an SN1 reaction

Q:

What famous experiment did Eratosthenes perform around 250 BC? Group of answer choices He mathematically determined the Earth's circumference. He showed all ocean-going vessels will eventually fall...

Q:

Please answer the following: What have you learned about the different sampling techniques? Are there times when one technique is better than another? Please explain. Article is below Managing tax...

Q:

1. Explain pacioli's opinion on the role of Profit and add your opinion on it. 2. How can we define the "reasonable profit"? Is it related to the goal of business? If yes, how is it related? If no,...

Q:

Describe how the regression line is mathematically determined

Q:

In the 1950s, Michael Hubert King, an oil geologist, mathematically determined that when 50 percent of oil reserves have been extracted, annual oil output would inexorably decline. He looked at the...

Q:

What does the mathematically determined line produced by a regression program represent? a. The best fitting relationship between the dependent and independent variable when the data points are...