In a multiple regression model involving 5 independent variables, if the sum of the squared residuals is 847 and the data set contains 40 points, then, the value of the standard error of the estimate is 24.911.

Question

Quizplus · Accepted Answer

The formula to calculate the standard error of the estimate (SE) is SE = square root of (sum of squared residuals / (n-k-1)), where n is the sample size and k is the number of independent variables. 
In this case, n=40 and k=5. Therefore, SE = square root of (847 / (40-5-1)) = 4.296. Therefore, the statement is false.

In a Multiple Regression Model Involving 5 Independent Variables, If