Final answer:
To find the residual for the point (5,17.5), you calculate the predicted y using the regression equation, compare it to the actual y, and judge if the prediction is too small or too large. The residual is 2.5, indicating the predicted value is too small.
Step-by-step explanation:
The question asks to find the residual for the data point (5,17.5) using the given regression equation y = 3.5 + 2.3x and to determine if the predicted value for x = 5 is too small or too large. First, we need to calculate the predicted value for y when x = 5:
- y = 3.5 + 2.3(5)
- y = 3.5 + 11.5
- y = 15
The predicted value of y for x = 5 is 15. The actual given y value for x = 5 is 17.5.
The residual is the difference between the actual y value and the predicted y value:
- Residual = actual y - predicted y
- Residual = 17.5 - 15
- Residual = 2.5
Since the residual is positive, the predicted value was too small. Therefore, the correct answer is 2.5, too small.