Question

Refer back to the regression equation in exercise 12.12: NetIncome = 2,277 + .0307 Revenue. Recall that the variables are both in millions of dollars.
(a) Calculate the residual for the x, y pair ($41,078, $8,301). Did the regression equation underestimate or overestimate the net income?
(b) Calculate the residual for the x, y pair ($61,768, $893). Did the regression equation underestimate or overestimate the net income?


$1.99
Sales0
Views26
Comments0
  • CreatedAugust 19, 2015
  • Files Included
Post your question
5000