Homework SourseGiven a one independent variable linear equation that states
Given a one independent variable linear equation that states cost in $K, and given the following information, calculate the standard error and determine its meaning.
n =12, Summation of (Y– Yhat)2 = 11008, Ybar=314.375
Possible Answers:
| If we used this equation, we could typically expect to be off by ± 33.18%. |
| If we used this equation, we could typically expect to be off by ± 37.09%. |
| If we used this equation, we could typically expect to be off by ± $33.18K. |
| If we used this equation, we could typically expect to be off by ± $37.09K. |
Solution
Option 3. It i sobtained by dividing 11008 by 12 and then finding sqaure root of it.
