Multiple Choice
Consider the following to answer the question(s) below:
To determine whether the cash bonuses paid by Johnson Financial Group are related to annual pay, data were gathered for 10 account executives who received such bonuses in 2007. The data, scatterplot and summary statistics are shown below.
-Based on the estimated regression equation, the residual for the estimated cash bonus of an executive at Johnson Financial Group earning $82,613 a year would be
A) $0.
B) -$4,981.
C) -$15,819.
D) -$4,958.
E) $15,819.
Correct Answer:

Verified
Correct Answer:
Verified
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