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A local tire dealer wants to predict the number of tires sold each month. He believes that the number of tires sold is a linear function of the amount of money invested in advertising. He randomly selects 6 months of data consisting of monthly tire sales (in thousands of tires) and monthly advertising expenditures (in thousands of dollars). The simple linear regression equation is ŷ = 3 + 1x. The dealer randomly selects one of the six observations, with a monthly sales value of 8,000 tires and monthly advertising expenditures of $7,000. Calculate the value of the residual for this observation.
Removing Stimulus
The process of taking away or reducing a particular stimulus in order to decrease a response or behavior.
Positive Punishment
a behavioral concept where an undesirable consequence is added after a behavior to decrease the likelihood of that behavior occurring again.
Decrease
A reduction in size, amount, extent, or intensity.
Addition
A mathematical operation where two or more quantities are combined to make a sum.
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