Maggie and her sister bought for their mother that gift of $54.75. maggie contributed $26 to the gift. write an addition equatio
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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 distance formula is:
We are given two points in the form (x,y), so plug in the values to the distance formula:
Next we can simplify. We know that 12-12 is 0, so we can drop it from the equation, as it will not affect our answer. Also, we know that -10-15 is -25:
The square and square root cancel each other out leaving us with 25.
The answer is 25.
We are given two points in the form (x,y), so plug in the values to the distance formula:
Next we can simplify. We know that 12-12 is 0, so we can drop it from the equation, as it will not affect our answer. Also, we know that -10-15 is -25:
The square and square root cancel each other out leaving us with 25.
The answer is 25.