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A public health researcher wants to use regression to predict the sun safety knowledge of pre-school children. The researcher randomly sampled 35 preschoolers, assigned them to one of two groups, and then measured the following three variables: SUNSCORE: Score on sun-safety comprehension test
READING: Reading comprehension score
GROUP: if child received a Be Sun Safe demonstration, 0 if not
A regression model was fit and the following residual plot was observed.
Which of the following assumptions appears violated based on this plot?
Price
The sum of money anticipated, needed, or handed over in exchange for something.
Consumer Surplus I
The gap between what consumers are prepared and able to spend on a product or service and what they end up paying.
Price
The amount of money required to purchase a good or service.
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than other producers.
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