Step 1: Understanding the Concept:
Regression line is used in statistical analysis.
It describes the relationship between variables.
Step 2: Key Formula or Approach:
No specific formula.
Need to understand regression.
Step 3: Detailed Explanation:
Statement A: Regression line is located as close as possible to all points - correct.
Statement B: It is defined by slope and intercept - correct.
Statement C: It provides an approximate relationship - correct.
Thus, all three statements are correct.
Step 4: Final Answer:
All A, B, and C are correct.
Hence, the correct option is (D).