The random error in a regression equation
A) is the predicted error.
B) includes both positive and negative terms.
C) will sum to a large positive number.
D) is used to estimate the accuracy of the slope.
E) is maximized in a least squares regression model.
B
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Which of the following is a provision in the Administrative Procedure Act (APA)?
A) It provides a procedure for receiving evidence and hearing requests for the granting of federal licenses. B) It allows public access to most documents in the possession of federal administrative agencies. C) It protects persons from harassment by administrative agencies. D) It admits public access to administrative meetings concerning issuance of subpoenas.
An investment bank buys the first issue of stock from XYZ Company at $35 per share. As XYZ's shares are sold on the secondary securities market, the price falls to $28 a share. Which of the following describes the outcome of this dynamic?
A) The investment bank sells the shares back to XYZ Company at $35 per share. B) The secondary investors take a loss of $28 per share. C) The investment bank takes a loss of $7 per share. D) The secondary investors earn a capital gain of $7 per share. E) XYZ Company takes a loss of $7 per share.