Math Problem Statement
If the predicted value when x equals 12 is y hat equals 72.0 and the actual value at x equals 12 is measured to be y equals 73.7, find the value of the residual at this point. residual equals blank. Fill in the blank.
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Residuals in Regression
Formulas
Residual = Actual Value - Predicted Value
Theorems
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Suitable Grade Level
Grades 9-12