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:
n = 10
The sum of (Y -Yhat) squared = 10591
Ybar - 314.375
Select One:
If we used this equation, we could typically expect to be off by ± $36.39K.
If we used this equation, we could typically expect to be off by ± 42.01%.
If we used this equation, we could typically expect to be off by ± 36.39%.
If we used this equation, we could typically expect to be off by ± $42.01K