How do you calculate the residual? SHOW ALL WORK.
A study was conducted into the relatio...
Mathematics, 11.04.2020 00:00 reggie36151
How do you calculate the residual? SHOW ALL WORK.
A study was conducted into the relationship between the age in years of a person and their average weekly after tax income.
You have been supplied with the following information regarding a regression model that had been developed as part of the study.
Regression analysis
sample intercept 852.39
sample slope 1.73
A particular observed value from the data is:
x = 22, y = 904.59
Calculate the residual of this observed value of the response variable. Give your answer to 2 decimal places.
residual =
Answers: 2
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