Does the value 972 suggest that this is a good model, Basic Statistics

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Does the value 972 suggest that this is a good model

GDP

The scatterplot shows the gross domestic product (GDP) of the United States in billions of dollars plotted against years since 1950.

a) Does the value 97.2% suggest that this is a good model? Explain.

b) Here's a scatterplot of the residuals. Now do you think this is a good model for these data? Explain?

138_graph 1.jpg

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Basic Statistics: Does the value 972 suggest that this is a good model

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Basic Statistics: Does the value 972 suggest that this is a good model

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