Question:

Given below are two statements:
Statement I: Line of regression of y on x is the line which gives the best estimate for the value of y for any specified value of x. 
Statement II: Line of regression of x on y is the line which gives the best estimate for the value of x for any specified value of y. 
In the light of the above statements, choose the correct answer from the options given below:

Updated On: Aug 20, 2024
  • Both Statement I and Statement II are true
  • Both Statement I and Statement II are false
  • Statement I is true but Statement II is false
  • Statement I is false but Statement II is true
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The Correct Option is A

Solution and Explanation

The correct option is(A): Both Statement I and Statement II are true
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