1. To calculate the predicted number of acres mowed in 10 hours, we can substitute the value of x = 10 into the regression formula:
y^ = 40 + 1.2x
y^ = 40 + 1.2(10)
y^ = 40 + 12
y^ = 52
Therefore, the predicted number of acres mowed in 10 hours is 52 acres.
2. To calculate the residual for their new project, we need to compare the predicted value (y^) with the actual value (y) for the given project. In this case, the actual value is 60 acres.
Residual = Actual value - Predicted value
Residual = 60 - 52
Residual = 8 acres
Therefore, the residual for their new project is 8 acres.