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What does a residual value of 0.8 mean in reference to the line of best fit?
O The given point is 0.8 units above the line of best fit
O The given point is 0.8 units below the line of best fit
O The line of best fit is not appropriate to the data
O The line of best fit has a slope of 0.8

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Martebi

The residual value of 0.8 mean in reference to the line of best fits shows that the given point is 0.8 units below the line of best fit.

What Is Residual Value?

The residual value is known to be  the approximated or estimated value of any kind of fixed asset that is done at the end of its lease term or at the end of its useful life.

Note therefore that the residual value of 0.8 mean in reference to the line of best fits shows that the given point is 0.8 units below the line of best fit.

Learn more about residual value from

https://brainly.com/question/1168961

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