A researcher is interested in the relationship between age and income. He performs a regression analysis using age as the predictor variable and annual income as the response variable. He obtains the equation of the regression line and then computes the standard error of the estimate, which comes out to $6570. Give an interpretation of the standard error of the estimate.

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The Answer of A researcher is interested in the relationship between age and income. He performs a regression analysis using age as the predictor variable and annual income as the response variable. He obtains the equation of the regression line and then computes the standard error of the estimate, which comes out to $6570. Give an interpretation of the standard error of the estimate.

A Researcher Is Interested in the Relationship Between Age and Income