The problem with relying on a point estimate of a population parameter is that:
a. it is virtually certain to be wrong.
b. it doesn't have the capacity to reflect the effects of larger sample sizes.
c. it doesn't tell us how close or far the point estimate might be from the parameter.
d. All of these choices are true.
Question 2
If the plot of the residuals vs. the predicted values resembles a straight line with non-zero slope, then the regression line fits well.
Indicate whether the statement is true or false
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