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

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 91E
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39. Statement 1. The high-low method needs three observations of costs to calculate the cost formula.
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
b. Statement 1
c. Statement 2
d. Statements 1 and 3
e. Statements 2 and 3
f. Statements 1 and 2
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