Question: Given a one independent variable linear equation that states cost in $k and given the following information calculate the standard error and determine its meaning.
Given a one independent variable linear equation that states cost in $k and given the following information calculate the standard error and determine its meaning.
n=10
summation of (y-yhat)2= 10591, ybar=314.375
which in is correct
*if we use this equation we could expect to be off by +- $42.01k
**if we use this equation we could expect to be off by +- $42.01%
*if we use this equation we could expect to be off by +- $36.39k
*if we use this equation we could expect to be off by +- $36.39%
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