A residual is defined in the context of some "expected" value. There is no information in the question regarding expected values.
Residual point
The point lies one unit above the regression line.
The point lies 1 unit below the regression line.
The residual value, or a point, in finance typically refers to the estimated salvage value of an asset at the end of its useful life. It represents the amount expected to be recovered from the asset after depreciation has been accounted for. This value is crucial for determining depreciation expenses and assessing the overall financial viability of an investment. A higher residual value can enhance the return on investment and influence decisions related to asset acquisition and management.
To divide 36 by 7000, you would perform the division operation by setting up the problem as follows: 36 ÷ 7000. To solve this division problem, you would first place a decimal point after 36 to make it 36.0. Then, you would move the decimal point three places to the right in both the dividend and divisor to make the divisor a whole number. This gives you 0.00514 as the quotient when dividing 36 by 7000.
The residual for a particular point in a regression is negative if the estimated or fitted value at that point is greater than the observed value.
1
Answer: 1.5
-1.5
Residual point
36
If a data point has a residual of zero, it means that the observed value of the data point matches the value predicted by the regression model. In other words, there is no difference between the actual value and the predicted value for that data point.
The point lies 1 unit below the regression line.
No.
The point lies one unit below the regression line.
The point lies one unit above the regression line.
The point lies 1 unit below the regression line.