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:

• A. Both Statement I and Statement II are true
• B. Both Statement I and Statement II are false
• C. Statement I is true but Statement II is false
• D. Statement I is false but Statement II is true

Answer 1

The Correct Option is A

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