Question: Using the regression output in Exercise 1, identifies the error standard deviation and explain what it means in the context of the problem In Exercise

Using the regression output in Exercise 1, identifies the error standard deviation and explain what it means in the context of the problem
In Exercise 1

Response variable is Grad% R-squared 75.2% s 0.0254 with 50-2- 48 degrees of freedom Variable Coefficient SE(Coeff) t-Ratio P-Value Intercept 0.975175 0.0074 13 s0.0001 Acceptance % -0.284895 0.0236-12.1 s0.0001

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