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Suppose that you have the following data: X -5-2 03 47 Y 15 976 4 1 a. Determine the regression equation. b. Use the regression

Suppose that you have the following data:

X -5-2 03 47

Y 15 976 4 1

a. Determine the regression equation.

b. Use the regression equation to determine the predicted values of y.

c. Use the predicted and actual values of y to calculate the residuals.

d. Compute the standardized residuals.

e. Identify possible outliers.

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