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Linear Modelingmedium
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Using the utility model y^=420−5.5x\hat{y} = 420 - 5.5xy^​=420−5.5x, where yyy is the heating bill in dollars and xxx is the temperature in ∘F^\circ\text{F}∘F, a customer notes that during a month with an average temperature of 30∘F30^\circ\text{F}30∘F, their actual heating bill was \270$. What is the residual value for this household?