In analyzing the residuals to determine whether the simple regression analysis satisfies the regression assumptions, which of the following is true?
A) The histogram of the residuals should be approximately bell-shaped.
B) The scatter plot of the residuals against the dependent variable should illustrate that the variation in residuals is the same over all levels of .
C) Neither A nor B are true.
D) Both A and B are true.
D
Business
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What is the basic assumption behind value-based pricing?
a. Consumers are more concerned about price than quality. b. Additional long-term costs to manufacturers will increase. c. Increased profitability for wholesalers will increase the number of services they are willing to perform. d. The firm is both customer-driven and competitor-driven.
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