Question: Compute the standard error of the estimate for Exercise 15

Compute the standard error of the estimate for Exercise 15 in Section 10–1. The regression line equation was found in Exercise 15 in Section 10–2.
The director of an alumni association for a small college wants to determine whether there is any type of relationship between the amount of an alumnus’s contribution (in dollars) and the years the alumnus has been out of school. The data follow.
Years and contribution data are as follows:

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  • CreatedSeptember 02, 2015
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