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Based on the below data what will be the value of standard error? Regression Statistics Multiple...

Based on the below data what will be the value of standard error?

Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations 8
ANOVA
df SS MS F
Regression 1 33 33.0 16.5
Residual 6 12 2.0
Total 7
Coefficients Standard Error t Stat P-value
Intercept 9 31.274666 3.984284 0.007248
Advertising (thousands of $) 24 6.19330674 1.610802 0.158349

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Solutions

Expert Solution

standard error = SQRT(sums of square of residuals/ no of degrees of freedom)

standard error = SQRT(SS of residual /df) = SQRT (12/6) = SQRT (2) = 1.4142 = 1.41

Answer : 1.41 [Thumbs up please]

jeff jeffy answered 3 years ago
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