Time Remaining In the following residual plot, consider the point that is indicated by the arrow. Which of the following statements must be true about the individual represented by that point? residual 0 7 X O The actual value of the response variable is larger than its predicted value. O The actual value of the explanatory variable is larger than the observed value of the response variable. O The actual value of the response variable is smaller than its predicted value. O The actual value of the explanatory variable is larger than its predicted value