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Curry Rubber manufactures rubber bands for retail companies. The accounting manager has performed a regression analysis of past data. You notice that the formula has

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Curry Rubber manufactures rubber bands for retail companies. The accounting manager has performed a regression analysis of past data. You notice that the formula has an R-squared of 0.74, a value of 2.7, and a standard error of the estimate of $221000. The estimate for next quarter costs is $2,600,106. Calculate Standard Error as a % of predicted total cost which represents a measure of precision of his regression analysis? (Round your answer to one decimal place, i.e., 0.052 -5.2%) The relationship between the SE and the predicted amount 17:35

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