APFIVE Interpreting Leverage and Standardized Residuals
A regression analysis produces the following information for a particular data point: leverage = 0.3, standardized residual = 2.8. Which statement best describes this point?
A
Point that causes multicollinearity
B
High-leverage point with little influence
C
Outlier with moderate leverage that may be influential
D
Point that follows the overall pattern of the data
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