What is the residual for the rideshare cost with a distance of 16 miles?
2
0 2.33
The fare charged for a rideshare service is a function
of the distance traveled. However, the fare differs
according to the time of day, availability, and other
variables. The distance and fares for 10 rides are
shown in the table. The equation of the least-squares
regression line is û = 5.20 +2.33x, where ŷ is the
predicted fare and x is the distance,
O 5.21
0 11.35
42.49
Distance
(Miles
1
3
5
8
10
12
15
16
Fare
(Dollars)
1.91
13.68
16.52
24.15
24.79
39.87
40.24
53.84