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Assume that variables x and y have a significant and that the line of best...

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Basic Math

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Assume that variables x and y have a significant and that the line of best fit has been as y 7.4 2.3x. One observation is = correltation, calculated (5, 14.4). What is the predicted value of y for the value x = 5? What is the residual for the value x = 5? What is the best interpretation for the residual? The value 5 is below the average value for y when y = 14.4 The value 14.4 is below the average value for y when x = 5. The value 14.4 is above the average value for y when x = 5 The value 14.4 is above the average value for x when y = 14.4

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