Question

The regression equation NetIncome = 2,277 + .0307 Revenue was estimated from a sample of 100 leading world companies (variables are in millions of dollars).

(a-1)
Calculate the residual for the x, y pair ($41,078, $8,301). (Round your answer to 4 decimal places.)

Answer 1

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.