Does this mean c<-1?
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The residual value, which is the farthest from the line of best fit for the table which shows points and their residual values, is 0.7.
<h3>What is residual value?</h3>The residual value is the estimated value which is calculated for the end of the lease terms for a fixed asset.
Points and their residual values are shown in the table. A 3-column table with 5 rows.
- x 1, 2, 3, 4, 5.
- y 2, 3.5, 5, 6.1, 8.
- Residual Value -0.4, 0.7, -0.2, -0.6 0
The simple regression line can be represented as,
Here α is the constant, β is the slope and <em>e </em>is the residue.
The point which is farthest from the best fit of the line is 3.5. At y=3.5, the value of residue is 0.7.
Thus, the residual value, which is the farthest from the line of best fit for the table which shows points and their residual values, is 0.7.
Learn more about the residual value here;
Assume Charles charges $7*3=$21 if he babysits for 2,5 hours (that is 2 and a half hours).
That is we are not considering Charles babysitting exactly 1, 2, 3 or 4 hours, but also in between times.
then we can write the following piecewise function to describe the situation:
f is a function from (0, 4] to {$7, $14, $21, $28}
That is we are not considering Charles babysitting exactly 1, 2, 3 or 4 hours, but also in between times.
then we can write the following piecewise function to describe the situation:
f is a function from (0, 4] to {$7, $14, $21, $28}