Can someone tell me if these answers are right or not? These problems are getting on my nerves!
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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;
The percentage of animal wasted is the number of animal wasted over 100
85.7% of the wild caught animals are wasted
<h3>How to calculate the animal wasted</h3>From the question, we have:
Animals caught = 6 pounds
Salmon = 1 pound
The total weight in the system is:
Total = 6 pounds + 1 pound
So, we have:
Total = 7 pounds
The percent of wild caught animals wasted is then calculated as:
Simplify
Hence, 85.7% of the wild caught animals are wasted
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