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What is the difference between curve fitting and regression?
curve fitting is a very difficult and time wasting method while regrresion is more to use as compare to curve fitting
How do you determine a slope from a graph?
Slope = (vertical change)/(horizontal change), commonly referred to as rise/run. If the graph is a straight line, then you can count squares or measure how much change in vertical, over a specified change in horizontal. If it is a curve, then you need to have a tangent line (a line that touches the curve at a specific point and has the same slope as the line), then you can determine the slope of that line using the method described, above.
What assumptions determine the production possibilities curve?
Assumptions to determine the PPC is:only 2 goods will be illustratedthe amount of resources is fixedstate of technology is constant
What are the two parameters that are necessary to determine probabilities for a particular normal distribution curve?
Mean and Standard Deviation
What is the cumulative mass curve?
Mass-Curve is a plot of the cumulative flow volumes as function of time. It is used to determine the critical period of a reservoir showing the relationship between withdraw and addition to the reservoir.
