QUESTIONS AND COMPLETE
SOLUTIONS LATEST 2024/2025 A+
All BYof BYthe BYfollowing BYare BYmeasures BYof BYcentral BYtendency BYexcept
a.) BYP BYvalue
b.) BYVariance
c.) BYStandard BYDeviation
d.) BYRange BY- BYCorrect BY BYAnswer BY✔✔ BY- BYa.) BYP BYvalue
Simple BYregression BYdiffers BYfor BYmultiple BYregression BYin BYthat
a.) BYSimple BYregression BYinvolves BYone BYindependent BYvariable BYand BYmultiple
BYregression BYinvolves BYmore BYthan BYone BYindependent BYvariable
b.) BYSimple BYregression BYinvolves BYa BYfew BYindependent BYvariables BYand BYmultiple
BYregression BYinvolves BYmany BYindependent BYvariables
c.) BYSimple BYregression BYinvolves BYa BYfew BYdependent BYvariables BYand BYmultiple
BYregression BYinvolves BYmany BYdependent BYvariables
d.) BYSimple BYregression BYinvolves BYone BYdependent BYvariable BYand BYmultiple
BYregression BYinvolves BYmore BYthan BYone BYdependent BYvariable BY- BYCorrect BY
BYAnswer BY✔✔ BY- BYa.) BYSimple BYregression BYinvolves BYone BYindependent
BYvariable BYand BYmultiple BYregression BYinvolves BYmore BYthan BYone BYindependent
BYvariable
Which BYof BYthe BYfollowing BYis BYtrue BYin BYregards BYr-square
a.) BYAcceptable BYr-square BYamounts BYare BYthe BYsame BYfor BYbusiness BYand
BYscience BYdisciplines
b.) BYIn BYgeneral, BYacceptable BYr-square BYamounts BYare BY30% BYand BYhigher BYfor
BYbusiness BYregressions BYand BY70% BYand BYhigher BYfor BYscience BYregressions
c.) BYIn BYgeneral, BYacceptable BYr-square BYamounts BYare BY70% BYand BYhigher BYfor
BYbusiness BYregressions BYand BY30% BYand BYhigher BYfor BYscience BYregressions
d.) BYHigh BYr-square BYscores BYgenerally BYlead BYto BYhigh BYp-values BY- BYCorrect BY
BYAnswer BY✔✔ BY- BYb.) BYIn BYgeneral, BYacceptable BYr-square BYamounts BYare BY30%
BYand BYhigher BYfor BYbusiness BYregressions BYand BY70% BYand BYhigher BYfor
BYscience BYregressions
Assessing BYmodel BYfit BYand/or BYthe BYparameters BYin BYthe BYmodel BYinvolves BYall
BYof BYthe BYfollowing BYexcept
a.) BYP-values
b.) BYF-test
c.) BYStress BYtest
d.) BYR-square BY- BYCorrect BY BYAnswer BY✔✔ BY- BYc.) BYStress BYtest
, Which BYof BYthe BYfollowing BYis BYan BYexample BYof BYmulticollinearity BYin BYa
BYregression BYmodel?
a.) BYAge BYof BYcar BYis BYan BYindependent BYvariable BYand BYprice BYof BYcar BYis BYa
BYdependent BYvariable
b.) BYAge BYof BYcar BYand BYprice BYof BYcar BYare BYdependent BYvariables
c.) BYAge BYof BYcar BYand BYprice BYof BYcar BYare BYindependent BYvariables
d.) BYAge BYof BYcar BYis BYa BYdependent BYvariable BYand BYprice BYof BYcar BYis BYan
BYindependent BYvariable BY- BYCorrect BY BYAnswer BY✔✔ BY- BYc.) BYAge BYof BYcar BYand
BYprice BYof BYcar BYare BYindependent BYvariables
An BYinverted BYU-curve
a.) BYonly BYapplies BYto BYeconomic BYsituations
b.) BYrepresent BYa BYnon-linear BYpattern
c.) BYhas BYno BYpattern
d.) BYrepresents BYa BYlinear BYpattern BY- BYCorrect BY BYAnswer BY✔✔ BY- BYb.)
BYrepresent BYa BYnon-linear BYpattern
The BYmain BYdifference BYbetween BYlogistic BYregression BYand BYlinear BYregression BYis
a.) BYLogistic BYregression BYinvolves BYa BYbinomial BYindependent BYvariable BYand
BYlinear BYregression BYinvolves BYa BYcontinuous BYindependent BYvariable
b.) BYLogistic BYregression BYinvolves BYa BYcontinuous BYdependent BYvariable BYand
BYlinear BYregression BYinvolves BYa BYbinomial BYdependent BYvariable
c.) BYLogistic BYregression BYinvolves BYa BYbinomial BYdependent BYvariable BYand
BYlinear BYregression BYinvolves BYa BYcontinuous BYdependent BYvariable
d.) BYLogistic BYregression BYinvolves BYa BYcontinuous BYindependent BYvariable BYand
BYlinear BYregression BYinvolves BYa BYbinomial BYindependent BYvariable BY- BYCorrect BY
BYAnswer BY✔✔ BY- BYc.) BYLogistic BYregression BYinvolves BYa BYbinomial BYdependent
BYvariable BYand BYlinear BYregression BYinvolves BYa BYcontinuous BYdependent
BYvariable
Which BYof BYthe BYfollowing BYis BYtrue?
a.) BYFalse BYpositives BYoccur BYwhen BYthe BYmodel BYpredicts BYa BYnegative BYoutcome
BYand BYthe BYactual BYoutcome BYis BYnegative
b.) BYFalse BYpositives BYoccur BYwhen BYthe BYmodel BYpredicts BYa BYpositive BYoutcome
BYbut BYthe BYactual BYoutcome BYis BYnegative
c.) BYFalse BYpositives BYoccur BYwhen BYthe BYmodel BYpredicts BYa BYnegative BYoutcome
BYbut BYthe BYactual BYoutcome BYis BYpositive
d.) BYFalse BYpositive BYoccurs BYwhen BYtwo BYnegatives BYresult BYin BYa BYpositive BY-
BYCorrect BY BYAnswer BY✔✔ BY- BYb.) BYFalse BYpositives BYoccur BYwhen BYthe BYmodel
BYpredicts BYa BYpositive BYoutcome BYbut BYthe BYactual BYoutcome BYis BYnegative
In BYthe BY4 BYSteps BYto BYBecoming BYa BYData-Driven BYOrganization BYvideo BYwhich
BYof BYthe BYfollowing BYis BYnot BYone BYof BYthe BYareas BYaddressed BYin BYthe BYfour
BYsteps?
a.) BYAnalytics BYSoftware BYSelection