The money raised and spent (both in millions of dollars) by all congressional campaigns for 8 recent 2-year periods are shown in the table. The equation of the regression line is y=0.952x+20.570. Find the standard error of estimate s, and interpret the result. Money ralsed, x Money spent, y 460.5 434.1 651.5 689.3 Find the standard error of estimates, and interpret the result. (Round to three decimal places as needed.) 738.8 735.3 D 780.3 755.8 781.2 732.5 1025.3 1011.3 950.6 929.9 1205.2 11554

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 5PPS
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The money raised and spent (both in millions of dollars) by all congressional campaigns for 8 recent 2-year periods are shown in the table. The equation of
A
the regression line is y = 0.952x+20.570. Find the standard error of estimates, and interpret the result.
Money ralsed, x
Money spent, y
460.5
434.1
651.5
689.3
Find the standard error of estimate s and interpret the result.
(Round to three decimal places as needed.)
738.8
735.3
780.3
755.8
781.2
732.5
1025.3
1011.3
950.6
929.9
1205.2
11554
Transcribed Image Text:The money raised and spent (both in millions of dollars) by all congressional campaigns for 8 recent 2-year periods are shown in the table. The equation of A the regression line is y = 0.952x+20.570. Find the standard error of estimates, and interpret the result. Money ralsed, x Money spent, y 460.5 434.1 651.5 689.3 Find the standard error of estimate s and interpret the result. (Round to three decimal places as needed.) 738.8 735.3 780.3 755.8 781.2 732.5 1025.3 1011.3 950.6 929.9 1205.2 11554
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