Question: In problem 12.10, you were asked to develop the equation of a regression model to predict the number of business bankruptcies by the number of

In problem 12.10, you were asked to develop the equation of a regression model to predict the number of business bankruptcies by the number of firm births. For this regression model, solve for the standard error of the estimate and comment on it.

In problem 12.10

Business Bankruptcies Firm Births

(1000) (10,000)

34.3 ..............58.1

35.0 ..............55.4

38.5 ..............57.0

40.1 ..............58.5

35.5 ..............57.4

37.9 ..............58.0

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x y Predicted Residuals y 581 343 374978 31978 102259 554 350 351277 01277 00163 570 385 365322 19... View full answer

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