Homework Help is Here – Start Your Trial Now!
Math
Statistics
The following data are pairs of the number of business bankruptcies (1000s) and the number of firm births (10,000s) for a six-year period. Solve for the standard error of the estimate (by using the predicted values of y and the residuals) and comment on it. Business Firm Births Predicted ( Residuals ( Bankruptcies (1,000) y y - ŷ ) (10,000) x 58.1 34.4 37.5261 -3.1261 55.5 35.0 35.1438 -0.1438 57.0 38.5 36.5182 1.9818 58.5 40.1 37.8926 2.2074 57.4 35.5 36.8847 -1.3847 58.0 37.9 37.4345 0.4655 *(Round your answer to 4 decimal places, e.g. 1.7585.) **(Round your answer to the nearest integer, e.g. 75.) ***(Round your answer to 1 decimal place, e.g. 1.7.) Se = This standard error of the estimate indicates that the regression model is about **% of the time. In this particular problen v or ***% of the residuals are within this standard error of the estimate. 2/6 5/6

The following data are pairs of the number of business bankruptcies (1000s) and the number of firm births (10,000s) for a six-year period. Solve for the standard error of the estimate (by using the predicted values of y and the residuals) and comment on it. Business Firm Births Predicted ( Residuals ( Bankruptcies (1,000) y y - ŷ ) (10,000) x 58.1 34.4 37.5261 -3.1261 55.5 35.0 35.1438 -0.1438 57.0 38.5 36.5182 1.9818 58.5 40.1 37.8926 2.2074 57.4 35.5 36.8847 -1.3847 58.0 37.9 37.4345 0.4655 *(Round your answer to 4 decimal places, e.g. 1.7585.) **(Round your answer to the nearest integer, e.g. 75.) ***(Round your answer to 1 decimal place, e.g. 1.7.) Se = This standard error of the estimate indicates that the regression model is about **% of the time. In this particular problen v or ***% of the residuals are within this standard error of the estimate. 2/6 5/6

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 6SGR
See similar textbooks
icon
Related questions
Question

q10

The following data are pairs of the number of business bankruptcies (1000s) and the number of firm births (10,000s) for a six-year period. Solve for the standard error of the estimate (by using the predicted values of y and the residuals) and comment on it. Business Firm Births Predicted ( Residuals ( Bankruptcies (1,000) y у — ) (10,000) x 58.1 34.4 37.5261 -3.1261 55.5 35.0 35.1438 -0.1438 57.0 38.5 36.5182 1.9818 58.5 40.1 37.8926 2.2074 57.4 35.5 36.8847 -1.3847 58.0 37.9 37.4345 0.4655 *(Round your answer to 4 decimal places, e.g. 1.7585.) **(Round your answer to the nearest integer, e.g. 75.) ***(Round your answer to 1 decimal place, e.g. 1.7.) Se = This standard error the estimate indicates that the regression model is about **% of the time. In this particular problen v or ***% of the residuals are within this standard error of the estimate. 2/6 5/6 Save for Later 3/6 Attempts: 0 of 1 used Submit Answer 4/6
Transcribed Image Text:The following data are pairs of the number of business bankruptcies (1000s) and the number of firm births (10,000s) for a six-year period. Solve for the standard error of the estimate (by using the predicted values of y and the residuals) and comment on it. Business Firm Births Predicted ( Residuals ( Bankruptcies (1,000) y у — ) (10,000) x 58.1 34.4 37.5261 -3.1261 55.5 35.0 35.1438 -0.1438 57.0 38.5 36.5182 1.9818 58.5 40.1 37.8926 2.2074 57.4 35.5 36.8847 -1.3847 58.0 37.9 37.4345 0.4655 *(Round your answer to 4 decimal places, e.g. 1.7585.) **(Round your answer to the nearest integer, e.g. 75.) ***(Round your answer to 1 decimal place, e.g. 1.7.) Se = This standard error the estimate indicates that the regression model is about **% of the time. In this particular problen v or ***% of the residuals are within this standard error of the estimate. 2/6 5/6 Save for Later 3/6 Attempts: 0 of 1 used Submit Answer 4/6
Expert Solution
steps

Step by step

Solved in 2 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781305652224
Author:
Charles P. McKeague, Mark D. Turner
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS