Grade
a Statistics Teacher Collected the Following Data to Determine

question 18

Essay

Grade
A statistics teacher collected the following data to determine if the number of hours a student studied during the semester and the number of classes missed could be used to predict the final grade for the course.The following table shows the results of the model being applied to 8 students.
$$\begin{array} { | c | c | c | } \hline \text { Student } & \text { Predicted Grade } & \text { Actural Grade } \\\hline 1 & 84 & 92 \\\hline 2 & 93 & 95 \\\hline 3 & 77 & 81 \\\hline 4 & 81 & 78 \\\hline 5 & 81 & 75 \\\hline 6 & 89 & 88 \\\hline 7 & 88 & 85 \\\hline \mathbf { 8 } & 85 & 85 \\\hline\end{array}$$
-Calculate the multiple standard error of estimate.

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Definitions:

Certainty Effect

The psychological phenomenon where people tend to give greater weight to outcomes that are certain, compared to outcomes that are probable.

Liquidate Resources

Refers to the process of converting assets or resources into cash or cash equivalents by selling them in the market.

Risk Aversion

The tendency to avoid taking risks and prefer safer options.

Fixed Income

A type of investment security that pays investors fixed interest or dividend payments until its maturity date.