Statement 2. The least-squares regression method uses all of the available data to find the best fitting line. Statement 3. The calculations in the least-squares regression method is always accurate in all data sets between any kind of activity and cost. Which of the following is true? Group of answer choices a. Statement 3

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A: As per guidelines we will solve first question only, please repost other questions for more answers.…

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Q: What is meant by the line of best fit?

A: LINE OF BEST FIT IS WHEN THE SUM OF SQUARE OF RESIDUAL IS MINIMUM.

Q: Independent variable data is listed in cells B2 through B100, and dependent variable data is in…

A: The independent variable is listed in cells B2 through B100.

Q: Sandor is trying to identify a linear relationship linking the amount of heat (x) applied in the…

A: Given The data is as follows: Heat (oF), x Strength index, y 2400 820 1800 600…

Q: a) In a study of the relationship between X-mean daily temperature for the month and Y=monthly…

A: As per our guidelines we are suppose to answer only one question kindlypost the remaining question…

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A: Comments: As per our guidelines we are supposed to answer only first three subparts. Kindly repost…