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OpenStudy (anonymous):
When computing the residuals for bivariate data, Sarah noticed that several of the residuals were positive. Which of the following statements best interprets the meaning of a positive residual? The observed value lies on the line of best fit. The observed value lies above the line of best fit. There is no linear relationship between the data sets being studied. The observed value lies below the line of best fit.
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OpenStudy (anonymous):
@hartnn
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