In a set of ordered pairs, the y values repeated while the x values did not repeat.
1 answer:
You might be interested in
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:
Confidence Interval in 95% confidence level for the quality rating is (6.06,7.46)
Step-by-step explanation:
Confidence Interval can be calculated using the formula M±ME where
- M is the mean of the sample
- ME is the margin of error in a given confidence level
Using the sample obtained from 50 business travelers we get
- Mean of the sample is 6.76
- standard deviation of the sample is 2.526
Margin of error (ME) around the mean using the formula
ME= where
- z is the corresponding statistic in 95% confidence level (1.96)
- s is the standard deviation of the sample (2.526)
- N is the sample size (50)
Using the numbers in the formula we get:
ME= ≈ 0.70
Then the confidence interval becomes 6.76±0.70