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TABLE 13-11
A computer software developer would like to use the number of downloads (in thousands) for the trial version of his new shareware to predict the amount of revenue (in thousands of dollars) he can make on the full version of the new shareware. Following is the output from a simple linear regression along with the residual plot and normal probability plot obtained from a data set of 30 different sharewares that he has developed:
-Referring to Table 13-11, what is the standard error of estimate?
Opportunity Cost
The cost of forgone alternatives; the benefit you miss out on when choosing one alternative over another.
Corporate Blog
A blog created and maintained by a business or corporation to communicate with its audience, share insights, or promote products.
Social Media Activity
The actions and interactions of users on platforms like Facebook, Twitter, and Instagram, including posting, liking, and commenting.
Opportunity Cost
The loss of potential gain from other alternatives when one alternative is chosen.
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