Refer to the information provided in Table 36.2 below to answer the question(s) that follow.
Table 36.2
The data in the table was used to estimate the following consumption function: C = 12 + 0.4Y
-Refer to Table 36.2. The SUM that is calculated from all the error points from the table is equal to
A) -5.
B) +13.
C) +25.
D) +31.

Question

Refer to the information provided in Table 36.2 below to answer the question(s) that follow.
Table 36.2
  The data in the table was used to estimate the following consumption function: C = 12 + 0.4Y
-Refer to Table 36.2. The SUM that is calculated from all the error points from the table is equal to
A) -5. 
B) +13. 
C) +25. 
D) +31.

Quizplus · Accepted Answer

The SUM of all the error points from the table is +31.

Refer to the Information Provided in Table 36