Refer to the information provided in Table 21.3 below to answer the questions that follow.
Table 21.3
The data in the table was used to estimate the following consumption function: C = 20 + 0.2Y.
-Refer to Table 21.3. The error for point F is equal to

Question

Refer to the information provided in Table 21.3 below to answer the questions that follow.
Table 21.3
  The data in the table was used to estimate the following consumption function: C = 20 + 0.2Y.
-Refer to Table 21.3. The error for point F is equal to

Quizplus · Accepted Answer

The error for point F is calculated as the difference between the actual value and the predicted value. If the predicted value is 1 unit higher than the actual value, the error is -1.

Refer to the Information Provided in Table 21