Question
Given the following information, calculate the
residual.Solution
13. To calculate the residual, we need to compare the observed value of y with the predicted value of y from the fitted equation. Given: · Fitted Equation: y^=3+2x · Observed Values: y=14 and x=4 Step 1: Calculate the predicted value of y (y^) using the fitted equation and the observed x-value. Substitute x=4 into the fitted equation: y^=3+2(4) y^ =3+8 y^=11 Step 2: Calculate the residual. The residual is defined as the observed value minus the predicted value: Residual = y−y^ Residual = 14−11 Residual = 3 Therefore, the residual is 3.
U nder the Vishwakarma scheme , collateral free credit can be provided up to ____________ , in the first tranche, to the artisans and craftspeople ident...
Fill in the blanks by selecting appropriate word/s the List II.
List I:
1. The _________ ratios are primarily measures of retu...
The amount of purchase if
Cost of Goods Sold = ₹80,700
Opening Inventory = ₹5,800
Closing Inventory = ₹6,000
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Which of the following is an example of an adjusting journal entry?
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Which of the following is the main channel used by banks to deliver financial services in remote rural areas?
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The recommendation of which committee led to the adoption of the Lead Bank Scheme, which later became the foundation for the Priority Sector Lending (PS...
