Answer:
residual value = 0.0749.
the residual is positive, the actual winning percent for this team is more than what is predicted by the regression line.
Step-by-step explanation:
By the least squares regression equation
Predicted Value = ^y^=2.94X - 0.4873
The residual is the difference between the observed value and the predicted value of y. So, when x = 0.3260,
the regression line predicts ^y^ = 2.94(0.3260) - 0.4873 = 0.47114.
The observed value of y is 0.5460.
Therefore, residual = 0.5460 - 0.4711= 0.0749.
Since the residual is positive, the actual winning percent for this team is more than what is predicted by the regression line.
