(Solution Library) Consider the following scatterplot and line of best fit: Use the following diagram to explain what is meant by line of best fit. (8 points)
Question: Consider the following scatterplot and line of best fit:
- Use the following diagram to explain what is meant by line of best fit. (8 points)
- Does the point in the box have a positive or a negative residual? Explain. (6 points)
- Is the point in the box an outlier or an influential point? Explain. (6 points)
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Deliverable: Word Document 