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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;
Answer:
Step-by-step explanation:
Triangle MAB is similar to triangle MNP
Since the triangles are similar, the corresponding ratios are in the same proportion.
Therefore we can write the relation;
This implies that;
We multiply both sides by 72.6 to get
Hence the value of is 50.6 cm