Plot the residuals against the predicted value of y and comment on what this plot means relative

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Plot the residuals against the predicted value of y and comment on what this plot means relative to the aptness of the model.

a. Compute the standardized residuals and form these in a frequency histogram. What does this indicate about the normality assumption?

b. Comment on the overall aptness of this model and indicate what might be done to improve the model.

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Business Statistics

ISBN: 9781292220383

10th Global Edition

Authors: David Groebner, Patrick Shannon, Phillip Fry

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Question Posted: Sep 18, 2024 09:00 AM

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Plot the residuals against the predicted value of y and comment on what this plot means relative

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