The box office took in a total of $2905 in paid admissions for the high-school musical. Adult tickets cost $8 each, and student
1 answer:
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Answer:
The residual value is -1.8 when x = 3
Step-by-step explanation:
We are given the following table
x | y
0 | -3
2 | -1
3 | -1
5 | 5
6 | 6
Residual value:
A residual value basically shows the position of a data point with respect to the line of best fit.
The residual value is calculated as,
Residual value = Observed value - Predicted value
Where observed values are already given in the question and the predicted values are calculated by using the equation of line of best fit.
When we substitute x = 3 in the above equation then we would get the predicted value.
So the predicted value is 0.8
From the given table, the observed value corresponding to x = 3 is -1
So the residual value is,
Residual value = Observed value - Predicted value
Residual value = -1 - 0.8
Residual value = -1.8
Therefore, the residual value is -1.8 when x = 3
Note: A residual value closer to 0 is desired which means that the regression line best fits the data.