Exhibit 14-6
You are given the following information about y and x. 
-Given below are seven observations collected in a regression study on two variables, x (independent variable) and y (dependent variable). Use Excel's Regression Tool to construct a residual plot and use it to determine if any model assumption have been violated. 
Definitions:
Hedonism
A philosophical theory or approach that argues that pleasure and happiness are the primary or most important intrinsic goods and the aim of human life.
Pragmatism
A philosophical approach that assesses the truth of meaning of theories or beliefs in terms of the success of their practical application.
End Result
The final outcome or conclusion of a process or a series of actions.
Rule Utilitarianism
A form of utilitarianism that says an action is right as it conforms to a rule that leads to the greatest good, or that "the rightness or wrongness of a particular action is a function of the correctness of the rule of which it is an instance."
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