In problem 12.10, you were asked to develop the equation of a regression model to predict the

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In problem 12.10, you were asked to develop the equation of a regression model to predict the number of business bankruptcies by the number of firm births. For this regression model, solve for the standard error of the estimate and comment on it.

In problem 12.10

Business Bankruptcies Firm Births

(1000) (10,000)

34.3 ..............58.1

35.0 ..............55.4

38.5 ..............57.0

40.1 ..............58.5

35.5 ..............57.4

37.9 ..............58.0

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Business Statistics for Contemporary Decision Making

ISBN: 978-0470910184

6th Edition

Authors: Ken Black

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Question Posted: Mar 19, 2013 05:49 AM

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In problem 12.10, you were asked to develop the equation of a regression model to predict the

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x y Predicted Residuals y 581 343 374978 31978 102259 554 350 351277 01277 00163 570 385 365322 19...View the full answer

Business Statistics for Contemporary Decision Making

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