Question:

A regression line is a straight line which:
A. is located as close as possible to all the points of a scatter chart
B. is defined by an equation having 2 parameters: the slope and the intercept
C. provides an approximate relationship between the values of two parameters
Select the most appropriate answer from the options given below:

Show Hint

Regression line: y = mx + c.
Minimizes sum of squared errors.
Shows relationship between variables.
  • A only
  • B only
  • A and C only
  • All A, B and C
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The Correct Option is D

Solution and Explanation

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).
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