In the regression equation c = beta_0 + beta_1 i + u, c denotes consumption and i denotes income. what is the residual for the 5th observation if c_5 =$475 c_5 = 500?

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If you divide 0.1 and 0.6 you wii get 0.166666 which rounds to .167 which is answer b

I’m pretty sure the * means multiplication. so, if you multiply 5*1, it would equal 5. they are basically are-writing 5x1 as 5*1. so they would be… 5 10152025303540455055