Answer:
B) The sum of the squared residuals
Step-by-step explanation:
Least Square Regression Line is drawn through a bivariate data(Data in two variables) plotted on a graph to explain the relation between the explanatory variable(x) and the response variable(y).
Not all the points will lie on the Least Square Regression Line in all cases. Some points will be above line and some points will be below the line. The vertical distance between the points and the line is known as residual. Since, some points are above the line and some are below, the sum of residuals is always zero for a Least Square Regression Line.
Since, we want to minimize the overall error(residual) so that our line is as close to the points as possible, considering the sum of residuals wont be helpful as it will always be zero. So we square the residuals first and them sum them. This always gives a positive value. The Least Square Regression Line minimizes this sum of residuals and the result is a line of Best Fit for the bivariate data.
Therefore, option B gives the correct answer.
Answer:
7. 25% of the merchants who purchase goods from Asia also purchase from Europe.
Step-by-step explanation:
I am going to say that:
A is the percentage of merchants who purchase goods from Asia.
B is the percentage of merchants who purchase goods from Europe.
We have that:
In which a is the probability that a merchant purchases goods from Asia but not from Europe and 
is the probability that a merchant purchases goods from both Asia and Europe.
By the same logic, we have that:
Which of following statement is individually sufficient to calculate what percent of the merchants in the group purchase goods from Europe but not form Asia?
We already have B.
Knowing , that is, the percentage of those who purchase from both Asia and Europe, we can find b.
So the correct answer is:
7. 25% of the merchants who purchase goods from Asia also purchase from Europe.
Answer:
18.5
Step-by-step explanation:
Is a collection of well defined and distinct objects.
Ex: ( A B C D E) all letters
Ex2: ( January, February, March, April) all months
Answer:
The last option
V = (-1.5,3)
other options dont lie where V is exact
V is only Exact at (-1.5,3)
