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

n=20 Y (Y Y)2=20000 Y =314 ! If we used this equation, we could typically expect to be off by 33.33%. () If we used this equation, we could typically expect to be off by 532.44K_ () If we used this equation, we could typically expect to be off by 32.44% () If we used this equation, we could typically expect to be off by +33.33K