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please provide explanation Simple linear regression model: y is salary and x is education. What is the residual for the 4th observation. If the observed

please provide explanation

Simple linear regression model: y is salary and x is education. What is the residual for the 4th observation. If the observed salary for that sample point is $50000 and predicted salary is $47000 ? A. $4500 B. $3000 C. $9750

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