Answer:
The regression line is not a good model because there is a pattern in the residual plot.
Step-by-step explanation:
Given is a residual plot for a data set
The residual plot shows scatter plot of x and y
The plotting of points show that there is not likely to be a linear trend of relation between the two variables. It is more likely to be parabolic or exponential.
Hence the regression line cannot be a good model as they do not approach 0.
Also there is not a pattern of linear trend.
D) The regression line is not a good model because there is a pattern in the residual plot.
The stock price per share was $8.60
Number of shares bought 1000
Total price for the shares:
(Cost per share)*(Number of shares)
=8.60*1000
=$8600
The stock price after 1 year $9.15
Total number of shares is 1000
Current price=(current share price)*(number of shares)
9.15*1000
=$9150
current value=(Current price)-(buying price)
=9150-8600
=$550
Net Profit=(Current value)-(Expenses)
=550-14
=$536
Answer:
15.10 or -15.22
Step-by-step explanation:
The answer would be 10/12
