Explain the most common criterion used to determine the best-fitting line? The line that goes through the most points The line that has the same number of points above it as below it The line that minimizes the sum of squared errors of prediction

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Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.