The price X (dollars per pound) and consumption y (in pounds per capita) of beef were samples for 10 randomly selected years. The following data should be used to answer the question that follows. n = 10 Ex = 36.19 Ex? = 134.17 2.9 s x s 6.2 Ey = 774.7 Iy² = 60739.23 Exy = 2832.21 Using this data, a student calculated SS = 28.43 SSx = 3.2 SSy = 717. Calculate the %3D %3D value of the standard error or regression, Se , and enter you answer accurate to the nearest hundredth (2 decimal places).

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 31EQ
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The price X (dollars per pound) and consumption y (in pounds per capita) of beef were
samples for 10 randomly selected years. The following data should be used to answer
the question that follows.
n = 10
Ex = 36.19
Ix² = 134.17
2.9 < x s 6.2
Ey = 774.7 Iy² = 60739.23
Exy = 2832.21
Using this data, a student calculated SSy = 28.43
SSx = 3.2 SSy= 717. Calculate the
%3D
%3D
value of the standard error or regression, Se , and enter you answer accurate to the nearest
hundredth (2 decimal places).
Transcribed Image Text:The price X (dollars per pound) and consumption y (in pounds per capita) of beef were samples for 10 randomly selected years. The following data should be used to answer the question that follows. n = 10 Ex = 36.19 Ix² = 134.17 2.9 < x s 6.2 Ey = 774.7 Iy² = 60739.23 Exy = 2832.21 Using this data, a student calculated SSy = 28.43 SSx = 3.2 SSy= 717. Calculate the %3D %3D value of the standard error or regression, Se , and enter you answer accurate to the nearest hundredth (2 decimal places).
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