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Suppose milk is produced in a certain area. Some people might argue that because of transportation costs, the cost of milk increases with the distance

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Suppose milk is produced in a certain area. Some people might argue that because of transportation costs, the cost of milk increases with the distance of markets from that area. Suppose the milk prices in eight cities are as follows. Cost of Milk Distance from (per 2 L) Milk-Producing Area (km) $2.68 1,245 2.31 425 2.45 1,346 2.52 973 2.19 255 2.58 865 2.40 1,080 2.37 296 Use the data and the regression equation to compute residuals for this model. Do not round the intermediate values. Round your answers to 4 decimal places. Cost () Distance (x) (y-9 $2.68 1,245 2.31 425 2.45 1,346 2.52 973 2.19 255 2.58 865 2.40 1,080 2.37 296

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