Suppose you fit a least squares line to 26 data points and the calculated value of SSE is 8 34 a Find s2, the estimator of 2 (the variance of the random error term ) b What is the largest deviation that you might expect between any one of the 26 points and the least squares line

Question: Suppose you fit a least squares line to 26 data points and the calculated value of SSE is 8.34. a. Find s2, the estimator of

Suppose you fit a least squares line to 26 data points and the calculated value of SSE is 8.34.
a. Find s2, the estimator of σ2 (the variance of the random error term ε).
b. What is the largest deviation that you might expect between any one of the 26 points and the least squares line?

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