Segmented Bar Graphs Answers

3 verified answers1 views

Which statement is a correct interpretation of the residuals?

The residual for x = 45 is about ‒$500, which means that the actual price is about $500 less than the predicted price.

The residual for x = 45 is close to $0, which means that the predicted price almost the same as the actual price.

The residual for x = 90 is close to $0, which means that the predicted price almost the same as the actual price.

The residual for x = 90 is about $700, which means that the actual price is about $700 more than the predicted price.

ŷ ~ x +

–19.6784

–0.741505

0.741505

19.6784

r =

–0.9777

–0.9558

0.9558

0.9777

Did you find these answers helpful?

More from this Course