The money raised and spent(both in millions ofdollars) by all congressional campaigns for 8 recent2-year periods are shown in the table. The equation of the regression line is

y=0.960x+10.166. Find the standard error of estimate se and interpret the result.

Moneyraised, x 472.2 669.3 727.4 792.3 793.2 1037.3 967.7n1214.6

Moneyspent, y 433.8 696.9 729.6 760.9 747.1 1005.2 944.5 1167.4

Find the standard error of estimate se and interpret the result.

se=

(Round to three decimal places asneeded.)

How can the standard error of estimate beinterpreted?

A.The standard error of estimate of the money spent for a specific amount of money raised is about se million dollars.

B.The standard error of estimate of the money raised for a specific amount of money spent is about se million dollars.