Question: 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
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. [imageDescription: n=16, Summation of (Y-Yhat)2 = 18000, Ybar= 314] A If we used this equation, we could typically expect to be off by +-34.64K B If we used this equation, we could typically expect to be off by +-$35.86K C If we used this equation, we could typically expect to be off by +-35.86% D If we used this equation, we could typically expect to be off by +-34.64%
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