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/The regression equation Netlncome = 2,159 +.0312 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 ($45,533, $2,697). (A negative value should be indicated by a minus sign. Round your answer to 4 decimal places.) Residual (a-2) Did the regression equation underestimate or overestimate the net income? The regression equation overestimated the net income. The regression equation underestimated the net income. (6-1) Calculate the residual for the x, y pair ($60,417, $3,497). (A negative value should be indicated by a minus sign. Round your answer to 4 decimal places.) Residual (b-2) Did the regression equation underestimate or overestimate the net income? The regression equation overestimated the net income. The regression equation underestimated the net income.

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The regression equation Netlncome = 2,159 +.0312 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 ($45,533, $2,697). (A negative value should be indicated by a minus sign. Round your answer to 4 decimal places.) Residual (a-2) Did the regression equation underestimate or overestimate the net income? The regression equation overestimated the net income. The regression equation underestimated the net income. (6-1) Calculate the residual for the x, y pair ($60,417, $3,497). (A negative value should be indicated by a minus sign. Round your answer to 4 decimal places.) Residual (b-2) Did the regression equation underestimate or overestimate the net income? The regression equation overestimated the net income. The regression equation underestimated the net income.

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Transcribed Image Text: The regression equation Netlncome = 2,159 +.0312 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 ($45,533, $2,697). (A negative value should be indicated by a minus sign. Round your answer to 4 decimal places.) Residual (a-2) Did the regression equation underestimate or overestimate the net income? The regression equation overestimated the net income. The regression equation underestimated the net income. (6-1) Calculate the residual for the x, y pair ($60,417, $3,497). (A negative value should be indicated by a minus sign. Round your answer to 4 decimal places.) Residual (b-2) Did the regression equation underestimate or overestimate the net income? The regression equation overestimated the net income. The regression equation underestimated the net income.

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Transcribed Image Text: The regression equation Netlncome = 2,159 +.0312 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 ($45,533, $2,697). (A negative value should be indicated by a minus sign. Round your answer to 4 decimal places.) Residual (a-2) Did the regression equation underestimate or overestimate the net income? The regression equation overestimated the net income. The regression equation underestimated the net income. (6-1) Calculate the residual for the x, y pair ($60,417, $3,497). (A negative value should be indicated by a minus sign. Round your answer to 4 decimal places.) Residual (b-2) Did the regression equation underestimate or overestimate the net income? The regression equation overestimated the net income. The regression equation underestimated the net income.

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a-1) residual =actual-predicted =2697-(2159+0.0312*45533)= -882.6296 a-2) The regression equation overestimated the net income. b-1) res ... See the full answer