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Calculate the coefficient of variation

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Question 1. Given a one independent variable linear equation that states cost in $K, and given the following information, calculate the coefficient of variation and determine its meaning.

[image description: n=12, Summation of (Y-Yhat)2=15000, Ybar-314.375]

N=12 (Y^?-)2 = 15000 Y = 314.375

Option a. If we used this equation, we could typically expect to be off by + 12.32%

Option b. If we used this equation, we could typically expect to be off by + 11.75%

Option c. If we used this equation, we could typically expect to be off by + 11.75K

Option d. If we used this equation, we could typically expect to be off by + 12.32K

Reference no: EM132484560

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