^ The money raised and spent (both in millions of dollars) by all congressional campaigns for 8 recent 2-year periods are shown in the table. The equation of the regression line is y = 0.940x + 31.844. Find the standard error of estimate Se and interpret the result. Money raised, x 451.8 661.8 736.6 776.9 776.2 1033.1 970.5 1206.7 Money spent, y 442.4 679.5 734.8 758.6 738.6 1018.5 943.1 1153.9 Find the standard error of estimate s and interpret the result. Se = (Round to three decimal places as needed.) How can the standard error of estimate be interpreted? ○ A. The standard error of estimate of the money raised for a specific amount of money spent is about so million dollars. B. The standard error of estimate of the money spent for a specific amount of money raised is about se dollars. million
^ The money raised and spent (both in millions of dollars) by all congressional campaigns for 8 recent 2-year periods are shown in the table. The equation of the regression line is y = 0.940x + 31.844. Find the standard error of estimate Se and interpret the result. Money raised, x 451.8 661.8 736.6 776.9 776.2 1033.1 970.5 1206.7 Money spent, y 442.4 679.5 734.8 758.6 738.6 1018.5 943.1 1153.9 Find the standard error of estimate s and interpret the result. Se = (Round to three decimal places as needed.) How can the standard error of estimate be interpreted? ○ A. The standard error of estimate of the money raised for a specific amount of money spent is about so million dollars. B. The standard error of estimate of the money spent for a specific amount of money raised is about se dollars. million
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 5PPS
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Transcribed Image Text:^
The money raised and spent (both in millions of dollars) by all congressional campaigns for 8 recent 2-year periods are
shown in the table. The equation of the regression line is y = 0.940x + 31.844. Find the standard error of estimate Se
and
interpret the result.
Money raised, x
451.8
661.8
736.6
776.9
776.2
1033.1 970.5 1206.7
Money spent, y
442.4
679.5
734.8
758.6
738.6
1018.5 943.1 1153.9
Find the standard error of estimate s and interpret the result.
Se
=
(Round to three decimal places as needed.)
Transcribed Image Text:How can the standard error of estimate be interpreted?
○ A. The standard error of estimate of the money raised for a specific amount of money spent is about so million
dollars.
B. The standard error of estimate of the money spent for a specific amount of money raised is about se
dollars.
million
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