5) Examine the residuals (get them from Excel) of the regression analysis that you did for #4. a) Explain how you would get the residuals if Excel did not provide them. b) Create a table showing each data point and the residual in Excel. c) Plot the residuals. Show the plot.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 4SGR
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please help with all parts

population

Expenditure

29

127

435

214

86

133

1090

208

219

153

503

184

47

130

3524

217

185

141

98

154

952

194

89

103

5) Examine the residuals (get them from Excel) of the regression analysis
that you did for #4.
a) Explain how you would get the residuals if Excel did not provide them.
b)
Create a table showing each data point and the residual in Excel.
c)
Plot the residuals. Show the plot.
d)
Comment on the plot. What should the residuals look like?
e)
What do they look like?
f) What does this mean regarding the predicting power of the regression
for this data?
Transcribed Image Text:5) Examine the residuals (get them from Excel) of the regression analysis that you did for #4. a) Explain how you would get the residuals if Excel did not provide them. b) Create a table showing each data point and the residual in Excel. c) Plot the residuals. Show the plot. d) Comment on the plot. What should the residuals look like? e) What do they look like? f) What does this mean regarding the predicting power of the regression for this data?
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