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Question 23 (4 points) Assume that the Least Squares regression equation resulting from this data is Salary = 13.4 + 4*GPA. One of the students

Question 23(4 points)

Assume that the Least Squares regression equation resulting from this data is Salary = 13.4 + 4*GPA.

One of the students in the data set has a GPA of 3.0 and a starting salary of 30.5 (thousand dollars).Based on this information, find the residual (error) in this outcome.In other words, how much error was in the model's prediction?

Question 23 options:

-5.1 thousand dollars (negative 5.1 thousand dollars)

0 thousand dollars

4 thousand dollars

5.1 thousand dollars.

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