A simple regression model developed for 12 pairs of data resulted in a sum of squares of error, SSE = 246.The standard error of the estimate is _______.
A)24.6
B)4.96
C)20.5
D)4.53
E)12.3

Question

Quizplus · Accepted Answer

The standard error of the estimate (SEE) is calculated using the formula SEE = sqrt(SSE / (n - 2)), where SSE is the sum of squares of error and n is the number of data pairs. Here, SSE = 246 and n = 12, so SEE = sqrt(246 / (12 - 2)) = sqrt(246 / 10) = sqrt(24.6) = 4.96.

A Simple Regression Model Developed for 12 Pairs of Data