For this problem, calculate the vertical distances from the points and the line y = x. Calculate all of the vertical distances for each point to the line y = x. 14+ 13 12 11 10 9 -8 7 -6 5 -4 3 2 1 2 3 4 5 6 7 8 0 10 11 12 -1 -2- What is the sum of all the distances you calculated? What is the average vertical distance of the points from y = x? Do you think the line drawn fits the data points?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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For this problem, calculate the vertical distances from the points and the line y = x.
Calculate all of the vertical distances for each point to the line y = x.
14+
13
12
11
10
9
-8
7
-6
5
-4
3
2
1
2
3
4
5
6
7 8
0 10 11 12
-1
-2-
What is the sum of all the distances you calculated?
What is the average vertical distance of the points from y = x?
Do you think the line drawn fits the data points?
Transcribed Image Text:For this problem, calculate the vertical distances from the points and the line y = x. Calculate all of the vertical distances for each point to the line y = x. 14+ 13 12 11 10 9 -8 7 -6 5 -4 3 2 1 2 3 4 5 6 7 8 0 10 11 12 -1 -2- What is the sum of all the distances you calculated? What is the average vertical distance of the points from y = x? Do you think the line drawn fits the data points?
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