The bivariate regression model that accounts for the probabilistic or stochastic nature of the relationship between X and Y is ________. A)Ŷ = a + b₁X₁+ b₂X₂ B)Y = β₀+ β₁ X_i C)Y_i=β₀+ β₁ X_{i +}e_i D)Ŷ_i= a + bX_i

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The bivariate regression model that accounts for the probabilistic or stochastic nature of the relationship between X and Y is the one that includes an error term (e) in the equation, which is option C. The error term considers the fact that there may be random factors affecting the relationship between X and Y that cannot be explained by the model. Options A, B, and D do not include an error term, which means they do not account for the stochastic nature of the relationship.

The Bivariate Regression Model That Accounts for the Probabilistic or Stochastic