Answer
The residual represents how close a prediction comes to actual observation. A positive residual implies predicted value is less than observed value (the observed value is above average).
Work Step by Step
See explanation above.
Statistics: Informed Decisions Using Data (4th Edition)
by Sullivan III, Michael
Published by
Pearson
ISBN 10:
0321757270
ISBN 13:
978-0-32175-727-2
Chapter 4 - Section 4.2 - Assess Your Understanding - Explaining the Concepts - Page 220: 30
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