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Least squares method of fitting a line ( the line of best fit or the regression line) through the scatter diagram is a method which minimizes the sum of squared vertical deviations from the fitted lines. In other words the line to be fitted will pass through the points of the scatter diagram in such a fashion that the sum of the squares of the vertical deviations of these points from the line will be a minimum
What is Degrees of Freedom : While comparing the calculated value of X2 with the table value we have to determine the degrees of freedom. By degrees of freedom we mean the number
formula for z test.
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Transition towards IFRS Over the last few years, there has been a tremendous change in the world's capital markets. There has thus been a shift away from the local financial re
what is historigram.
A company prepares dinners for several airlines, and sales average 300,000 meals per month. The significant costs of each dinner prepared are for the meat, veg,plastic trays, and u
office supplies on hand at year-end amounted to $100
Suppose that cars pass a certain toll booth at an average rate of 10 cars per minute between the hours of 7 a.m. and 9 a.m. The random variable X counts the number of cars that pas
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