You have been asked to determine the relative error of the regression. The Sum of Standard Error of the Estimate (SEE) is .50 fit space, and the average cost is 3.65. What is the Coefficient of Variation (CV) and what does that mean?

() The CVis 0.137, and we can expect to be off by 13.7% O The CVis 0.986, and we can expect to be off by 95.6%. () The CVis 0.986, and we can expect to be off by 1.37%. () The CVis 0.137, and we can expect to be off by 93.6%