Based on the answer above, the price for peanut butter_____________ and the quantity demanded for peanut butter ____________.
a. Uncertain; decreases
b. Decreases; increases
c. Decreases; uncertain
d. Increases; uncertain
Question 2
In a regression equation, one may measure the accuracy of the estimation by:
a. calculating the standard deviation of the errors of prediction
b. calculating the standard error of the estimate
c. estimating the standard deviation of the errors of prediction
d. all of the above
e. a and b only
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