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What is the residual related to this flight itinerary

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Reference no: EM132188347

Airfare prices: Suppose that we want to examine the relationship between distance (in miles) and the cost of round-trip airfare from LAX (Los Angeles International Airport). We collect data from a travel search engine. The linear regression equation is predicted round-trip airfare = 146.2 + 0.1442 (distance).

The round-trip airfare to fly between LAX and San Francisco is $174, and the distance traveled is 382 miles. What is the residual related to this flight itinerary?

Reference no: EM132188347

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