To determine the most accurate description of the residual plot based on the scatterplot of cost versus distance, it’s important to understand the relationship between the scatterplot and the residuals.
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If the scatterplot indicates a clear linear trend, we would expect the residuals to be distributed evenly around the residual=0 line, potentially showing some dots both above and below the line.
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If the scatterplot has a strong positive or negative slope with no clear deviations from a trend, we might see more points clustered consistently above or below the line.
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If the scatterplot shows random scatter around the regression line, the residuals would vary widely above and below the residual=0 line.
Based on the description provided:
- The first option indicates a balanced number of residual points above and below the line.
- The second option suggests that all residuals are above the line, indicating a possible systematic error.
- The third option suggests no deviation from the line, which is not typical in real-world data.
- The fourth option indicates a small number of residuals close to the line, suggesting that the model fits the data closely in some areas but not consistently.
Without seeing the scatterplot, I recommend choosing the first option: "There are three dots below the residual=0 line and three dots above." This typically suggests a reasonable fit for the model with some variance, which is often reflected in real data. However, if the shape of the scatterplot suggests a clear trend, the last option might also be relevant depending on how closely the points deviate.