Parametrics - Calculating Standard Error
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Given a one independent variable linear equation that states cost in $K, and given the following information, cauculate the standard error and determine it's meaning.
n=8 ?(Y-?) 2 =11008 Y=314.375
A)If we use this equation, we could typically expect to be off by ± $37.09K.
B)If we use this equation, we could typically expect to be off by ± $42.83K
C)If we use this equation, we could typically expect to be off by ± 37.09%
D)If we use this equation, we could typically expect to be off by ± 42.83%
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Solution Summary
The solution computes the standard error of a linear model.
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