Calculate the standard error

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Reference no: EM1330323

Given a one independent variable linear equation that states cost in $K, and given the following information, calculate the standard error and determine it's meaning.

n=8 ?(Y-?) 2 =11008 Y=314.375

A)If we use this equation, we could typically expect to be off by ± $37.09K.

B)If we use this equation, we could typically expect to be off by ± $42.83K

C)If we use this equation, we could typically expect to be off by ± 37.09%

D)If we use this equation, we could typically expect to be off by ± 42.83%

Reference no: EM1330323

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