Question

given the least-squares regression line:
(cost of monopoly property) = 67.3 + 6.78 * (spaces from GO)

determine the residual for reading railroad which costs $200 and is 5 spaces from GO.

Answer 1

Erm, you posted this twice :I

Answer 2

But you only have to post it once, so you should probably close one of them.

Answer 3

I don't even know how you posted it twice if you can only have one question open at a time . . .

Answer 4

@agent0smith @AllTehMaffs

Answer 5

Sorry, I'm no help ;~;

Answer 6

plug in 5 into linear squares equation....then compare cost to the $200 given
the difference is the residual (cost* - 200)

Answer 7

so the answer would be -98.8?

Answer 8

yes, which makes sense since the railroads all cost 200 and dont conform to the trend of increasing property values as you go around the board