1. Given a one independent variable linear equation that states cost in $K and given the following information, calculated the standard error of the estimate and determine the meaning.

n=16 E(Y - Y)2 = 18000 Y = 314 O If we used this equation, we could typically expect to be off by +$35.86K. O If we used this equation, we could typically expect to be off by $35.86%%. O If we used this equation, we could typically expect to be off by $34.64K. O If we used this equation, we could typically expect to be off by :34.64%.n=18 Y(Y Y)?=13500 Y =314 () If we used this equation, we could typically expect to be off by +8 97K, () Ifwe used this equation, we could typically expect to be off by +8.97%. () If we used this equation, we could typically expect to be off by 8 25%. () If we used this equation, we could typically expect to be off by 39.25K