Given a one independent variable linear equation that states cost in $K, and giv

Question

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

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n=8 E(Y-Y^)2=11008 Y=314.375

If we used this equation , we could typically expect to be off by + or - 37.09%

If we used this equation, we could typically expect to be off by +or - 42.83%

If we used this equation, we could typically expect to be off by + or - 37.09%

If we used this equation , we could typically expect to be off by + or - 42.83K

Explanation / Answer

If we used this equation, we could typically expect to be off by + or - 37.09%

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