Answer:
The resulting residual value is e=-40.24.
Step-by-step explanation:
The residual value e for a regression model is defined as the difference between the real value y and the predicted value yp:
The predicted value for DISTANCE=0.43 miles is:
Then, if the real value is $1,050, the residual value is calculated as:
The range of this function is all real numbers. When it is a linear function it can reach negative and positive infinity.
I'll give a practice problem to help explain it a bit better.
Here, let's try to solve 45% of of 60.
First, we convert the percentage into a decimal. To turn any percentage into a decimal you move the point two spaces to the left.
That means 45% as a decimal is .45.
Next, we multiply our number, 60, by the decimal .45.
60×.45=27.
That means 45% of 60 is 27.
To sum it all up, you have to get the percentage, move the decimal point two spaces to the left, and multiply it by the number you were trying to find the percentage of.
Have a wonderful day! :)
9514 1404 393
Answer:
$6,106.87
Step-by-step explanation:
The total of percentage deductions is ...
state tax + city tax + social security + medicare
= 3.5% +2.5% +6.2% +1.45% = 13.65%
Then Ryleigh's take-home pay is ...
gross(1 -13.65%) -112 = 5161.28
gross = (5161.28 +112)/0.8635 = 6106.87
Ryleigh's monthly gross is $6,106.87.
