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Exam 2 - Examine scatterplot(quantitative bivariate data...

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Examine scatterplot (quantitative bivariate data) for relationship: direction (positively sloped, negatively sloped), form (linear, nonlinear), strength (strong, weak) A scatterplot can have two quantitative variables and one categorical variable. The least squares regression line passes through the (x, y) point. The mean of the least-squares residuals is always zero. A change of one standard deviation in x corresponds to a change of r standard deviations in y. Outliers in the X direction are often influential. Influential observations may have small residuals. Not all outliers are influential observations. Probability Terminology: Sample Space: The list of all possible outcomes of a random phenomenon. Event: A single outcome or a subset of outcomes from the sample space. Probability model: A mathematical description of a random phenomenon consisting of a sample space and a way of assigning probabilities to events. Probability of an outcome: A measure of the proportion of times an outcome occurs in a very long series of repetitions that gives us an indication of the likelihood of the outcome.
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