The least-squares regression equation y = 8.5 + 69.5x can be used to predict the monthly cost for cell phone service with x phone lines. The list below shows the number of phone lines and the actual cost.

(1, $90)
(2, $150)
(3, $200)
(4, $295)
(5, $350)

Calculate the residuals for 2 and 5 phone lines, to the nearest cent.

The residual for 2 phone lines is $___

The residual for 5 phone lines is $___

Step-by-step explanation:

So first we to that then we do this

First one: 2.5

Second: -6

8.5+69.5(5) = 147.5

150 - 147.5 = 2.5

8.5 + 69.5(5) = 356

350 - 356 = -6

ED2021

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step-by-step explanation:

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.