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At a recent music concert, a survey was conducted that asked a random sample of 20 people their age and how many concerts they have attended since the beginning of the year. The following data were collected. a. Use the regression equation = -3.0115 + 0.1257x to determine the predicted values of y.
b. Use the predicted values and the actual values of y to calculate the residuals.
c. Plot the residuals against the predicted values .
d. Does it appear that heteroscedasticity is a problem? Explain.
e. Draw a histogram of the residuals.
f. Does it appear that the errors are normally distributed? Explain.
g. Use the residuals to compute the standardised residuals.
h. Identify possible outliers.
Useful Lives
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Expenses associated with the research and development of a company's goods or services, which may include labor, materials, and overhead related to the creation and improvement of products or services.
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