Use the Following to Answer Questions

question 14

Short Answer

Use the following to answer questions :
For a sample of 22 values of x and y, 746, 254,and b = 1.36.
-The standard deviation of errors for the regression of y on x,rounded to three decimal places,is:

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Definitions:

Economic Sense

A term describing decisions or actions that are rational and based on sound economic principles, ensuring efficiency and cost-effectiveness in achieving desired outcomes.

Progressed

Having moved forward or developed in terms of growth, improvement, or achievement.

Nations

Nations are large groups of people who share common history, culture, language, or ethnic origin, often occupying a particular territory or state.

Physical Capital

Tangible assets used in the production of goods and services, such as machinery and buildings.