Compute the Standard Error of the Estimate
-A Manager Wishes $\mathrm { s } _ { \mathrm { e } }$

question 55

Multiple Choice

Compute the Standard Error of the Estimate
-A manager wishes to determine the relationship between the number of years her sales representatives have been with the firm and their average monthly sales (in thousands of dollars) . Find the standard error of estimate, $\mathrm { s } _ { \mathrm { e } }$ , given that $\mathrm { y } = 3.53 \mathrm { x } + 37.92$ .

• A)22.062
• B) 15.951
• C) 10.569
• D) \(5.122\)

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services already delivered but not yet paid for.

maturity Value

The amount that will be received at the maturity or expiration date of an investment, representing the principal plus interest.

Notes Receivables

These are written promises for amounts to be received by a business, typically including interest, evidence by a formal instrument.

Accounts Receivables

Refers to the amounts owed to a business by its customers for sales or services provided on credit.