BUS – 173 (Applied Statistics) # Determining if the following statement are True and False. If False, write the correct statement. Also Solve the MCQ 01. In the Simple linear regression model,...

Extracted text: BUS – 173 (Applied Statistics) # Determining if the following statement are True and False. If False, write the correct statement. Also Solve the MCQ 01. In the Simple linear regression model, components of the random error term are assumed to be independent (a) True (b) False 02. The possible for the perfect negative correlation is +1 (a) True (b) False 03. The possible range of coefficient of determination (r^2) is -1 to 1 a) True (b) False 04. A scatter diagram is a - (a) two-dimensional graph of a straight line (b) two-dimensional graph of a curved line (c) two-dimensional graph of a data points (d) one-dimensional graph of randomly scattered data