# In problem 12.10, you were asked to develop the equation of a regression model to predict the

## 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 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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**Related Book For**

## Business Statistics for Contemporary Decision Making

**ISBN:** 978-0470910184

6th Edition

**Authors:** Ken Black