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Explain that the regression errors are random

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Question: In a regression analysis, 12 out of 30 residuals are greater than 1.00 in value, and the rest are not. With A denoting a residual greater than 1 and B a residual less than 1, the residuals are as follows:

B    B    B    B    B    B    B    B    B    A    A    A    A    A    A    A    A    A    A    B    B    B    B    B    B    B    B    B    A    A

Do you believe that the regression errors are random? Explain.

Reference no: EM131709934

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