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Jump to level 1 A financial advisor wants to determine how the amount of time spent on financial education affects the amount of debt. 50000
Jump to level 1 A financial advisor wants to determine how the amount of time spent on financial education affects the amount of debt. 50000 40000 30000 Amount of debt (in dollars) 20000 10000 9 0 10 20 30 40 50 60 Financial education time (in hours) For a financial education time of 34 hours, the amount of debt is observed to be 33000 dollars. 33000 dollars is on the regression line, so the residual for this observation is Pick
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