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In a single regression model, we use independent variable: Income (in $1000) of current home occupants to predict HOME SELLING PRICE (in $1000s) (i.e., dependent variable). In the associated chart (see below) we plotted residuals against the independent variable. Briefly interpret the plot and its implications. (6 pts) Income ($) Residual Plot 40000 20000 Residuals 0 100 -20000 Income ($)