Oil and residuals Refer to Exercise 59. The following figure shows a residual plot for the least-squares regression line. Discuss what the residual plot tells

Short Answer

Expert verified

The regression line is not a good fit for the data.

Step by step solution

01

Part (a) Step 1: Given information

02

Part (a) Step 2: Concept

A regression line is a straight line that depicts the change in a response variable y when an explanatory variable x changes. By putting this x into the equation of the line, you may use a regression line to predict the value of y for any value of x

03

Explanation

The anticipated laboratory value from the least-squares line is within -20and +20for the majority of the residuals in the exhibited image. As the laboratory measurement (X)grows, the residual plot shows an increasing spread around the regression line. For larger values of Xpredictions of Yusing this line will be less accurate.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free