AnswersStatisticsMaking Predictions from a Least-Squares Regression Line

Calculating the Least-Squares Regression Line Answers

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1
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Which statement is a correct interpretation of the residuals?

A
The residual for x = 45 is about ‒$500, which means that the actual price is about $500 less than the predicted price.
B
The residual for x = 45 is close to $0, which means that the predicted price almost the same as the actual price.
C
The residual for x = 90 is close to $0, which means that the predicted price almost the same as the actual price.
D
The residual for x = 90 is about $700, which means that the actual price is about $700 more than the predicted price.
3

ŷ ~ [___]x + [___]

A
–19.6784
B
–0.741505
C
0.741505
D
19.6784
4

X –19.6784–0.7415050.741505✔ 19.6784

A
X –19.6784
B
–0.741505
C
0.741505
D
✔ 19.6784
5

✔ –0.9777X –0.9558 0.9558 0.9777

A
✔ –0.9777
B
X –0.9558
C
0.9558
D
0.9777

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