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Least squares method of fitting a line ( the line of best fit or the regression line) through the scatter diagram is a method which minimizes the sum of squared vertical deviations from the fitted lines. In other words the line to be fitted will pass through the points of the scatter diagram in such a fashion that the sum of the squares of the vertical deviations of these points from the line will be a minimum
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PC Shopping Network may upgrade its modem pool. It last upgraded 2 years ago, when it spent $115 million on equipment with a life of 5 years and a salvage value of $15 million. The
what is the difference between HISTORIGRAMS and HISTOGRAMS?
Consider the two events A and B with P(A) = 0.4 and P(B) = 0.3. (a) If A and B are independent then compute the probability that Both A and B happen
Question 1 A courier company conducted a brainstorming session amongst drivers to ascertain the reasons why it was unable to deliver items to households, always right first time.
Mean Deviation The two methods of dispersion discussed above namely range and quartile deviation are not measure of dispersion in the strict sense of te term because they do not s
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1) A certain brand of batteries has a lifetime that has a normal distribution with a mean of 3,800 hours and a standard deviation of 390 hours. b) What lifetime should the manufac
Check register The text or document used to evidence pertinent details relating to expenditure/expense vouchers & coding for each ensure issued,
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