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A major car magazine has recently collected data on 30 leading cars in the U.S.market.It is interested in building a multiple regression model to explain the variation in highway miles.The following correlation matrix has been computed from the data collected: The analysts also produced the following multiple regression output using curb weight,cylinders,and horsepower as the three independent variables.Note,a number of the output fields are missing,but can be determined from the information provided.
Based on this information,the standard error of the estimate for the regression model is approximately 6.46 miles per gallon.
Margin Of Error
An expression of the amount of random sampling error in a survey's results, indicating a range within which the true value lies.
Bushels
A unit of volume that is used primarily in the United States to measure agricultural commodities like grains.
Standard Deviation
A measure that quantifies the amount of variation or dispersion of a set of data values from their mean.
Confidence
The degree of certainty or belief in one's abilities, qualities, or the reliability of something.
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