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Author Question: The goal of regression analysis is to predict a value for the independent variable based on ... (Read 51 times)

Mr. Wonderful

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on: Jun 29, 2018
The goal of regression analysis is to predict a value for the independent variable based on knowledge of the dependent variable.
 
 Indicate whether the statement is true or false

Question 2

A researcher is reviewing average household income data and sees that one household reported an annual income of over 1 million. This value lies outside the normal range of the data and is called a(n) _____.
 a. abnormality
  b. marginal
  c. outlier
  d. quartile


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tsternbergh47

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Reply #1 on: Jun 29, 2018
Answer to Question 1

F
It is just the reverse, predicting a dependent variable based on knowledge of an independent variable.

Answer to Question 2

C


Mr. Wonderful

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

mjenn52

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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