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Consider again the regression of a individual's average annual earnings at ages 25-27 on his or her kindergarten test score, scaled (in percentile terms) between
Consider again the regression of a individual's average annual earnings at ages 25-27 on his or her kindergarten test score, scaled (in percentile terms) between 0 and 100.The constant is $9400, the slope coefficient is $132 with a standard error of $12.The r2is 0.05.
Suppose that a particular student in your dataset has a score of 80 and an income of $25000.
What is the residual for this observation?
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