(Solved):
Consider the following data for two variables, \( x \) and \( y \). (a) Compute the standardized r ...
Consider the following data for two variables, \( x \) and \( y \). (a) Compute the standardized residuals for these data. (Round your answers to two decimal places.) Do the data include any outliers? Explain. There are no standardized residuals that are less than \( -2 \) or greater than \( +2 \), so there are no possible outliers. There is one standardized residuals that is less than \( -2 \) or greater than \( +2 \), so there is one possible outlier. There are two standardized residuals that are less than \( -2 \) or greater than \( +2 \), so there are two possible outliers. There are more than two standardized residuals that are less than \( -2 \) or greater than \( +2 \), so there are more than two possible outliers. (b) Compute the leverage values for these data. (Round your answers to two decimal places.) Do there appear to be any influential observations in these data? Explain.