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LSRL equation and how to solve each part
y = bo + b1x
bo = r(sy/sx) (slope)
b1 = y - b1x (y-int)
Standard Deviation of the Residuals Interpretation
The actual [y-context] is typically about [s (y-units)] away from the [context] predicted by the LSRL.
Coefficient of Determination Interpretation
About [r²]% of the variability in [y-context] is accounted for by the LSRL.
Residual interpretation
The actual [y-context] was [r] higher/lower than predicted for [x-context/value].
Y-intercept Interpretation
When [x = 0 context], the predicted [y-context] is [y-int].
Slope Interpretation
With each additional [x-context], the predicted [y-context] increases/decreases by [slope].
An object is influential if…
…removing it would change the result of the calculation. (aka see if it changes the equation of the line with calculator, and if it does exponentially, then the point is influential)