THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 160

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The data below are for the number of unemployed persons (in millions)and the federal unemployment insurance payments (in billions of dollars)for the years 1978-1985.Some economists state that these two variables are positively related.


-What is the standard error of estimate,and what role does it play in simple linear regression and correlation analysis?

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Definitions:

Vaporizes

To convert or change a substance from a solid or liquid state into a gas or vapor, often by applying heat.

Cryosurgery

A medical procedure that uses extreme cold to destroy abnormal or diseased tissue.

Approximated

A term referring to the estimation or bringing together of edges, particularly in wound healing.

Electrocauterization

A surgical technique that uses electricity to heat a metal wire or instrument, which is then used to burn or destroy tissue, stem bleeding, or cut through tissue.