Mathematics, 19.04.2021 15:20 densliverdensentos

A study was conducted into the relationship between the age in years of a person and their average weekly after tax income. You have been supplied with the following information regarding a regression model that had been developed as part of the study. Regression analysis
sample intercept 657.16
sample slope 1.87

A particular observed value from the data is:

x = 22, y = 904.59

Calculate the residual of this observed value of the response variable.

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A study was conducted into the relationship between the age in years of a person and their average w...