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The following table shows a certain country's petrochemical exports to another country (in billions of dollars) for several years. Let x = 10 correspond
The following table shows a certain country's petrochemical exports to another country (in billions of dollars) for several years. Let x = 10 correspond to the year 2010. Two equations that model these data are y=1.48x + 2.04 and y=2x-3. Complete parts (a) through (c) below. Year Petrochemical exports Year Residual 2010 17 2011 2012 2013 2014 18 20 23 23.9 2010 2011 2012 2013 2014 (Type integers or decimals.) The sum of the residuals for y=1.48x+2.04 is (Type an integer or a decimal.) Find the residuals for the second model, y=2x-3. Year 2010 2011 2012 2013 2014 Residual (Type integers or decimals.) The sum of the residuals for y=2x-3 is (Type an integer or a decimal.) (b) Find the sum of the squares of the residuals for each model. The sum of the squares of the residuals for y = 1.48x + 2.04 is (Round the final answer to two decimal places as needed. Round all intermediate values to two decimal places as needed.) The sum of the squares of the residuals for y = 2x-3 is (Round the final answer to two decimal places as needed. Round all intermediate values to two decimal places as needed.) (c) Decide which model is the better fit. Choose the correct answer below. The model is the better fit because the equation of the line that has the is the better fit.
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