Question: 1. (15 Points) Finding and plotting residuals. Consider the data on x and y shown in the table. The data is also available in the

 1. (15 Points) Finding and plotting residuals. Consider the data on

1. (15 Points) Finding and plotting residuals. Consider the data on x and y shown in the table. The data is also available in the file EX8_2 on D2L. X 2 4 7 10 12 15 18 20 21 25 y 5 10 12 22 25 27 39 50 47 65 a. (2 Points) Fit the model Ey =8,+8, x to the data. The estimated model is y= X. b. (8 Points) Calculate the residuals for the model. The predicted values are obtained by substituting the observed values of x into the least squares prediction equation = X. The regression residuals are then computed as shown in the table. X y Predicted value Residual \\y y y 5 1.803 3.197 4 10 3.215 7 12 14.258 10 22 0.269 12 25 26.713 27 -7.186 18 39 41.659 20 50 3.360 21 47 49.131 25 65 59.095 5.905

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