The standard error of the estimate for a multiple regression model with two explanatory variables X1 and X2:
A) measures the variation around the predicted regression equation.
B) measures the proportion of variation in Y that is explained by X1 and X2.
C) measures the proportion of variation in Y that is explained by X1 holding X2 constant.
D) has the same sign as b1.
Question 2
A sample of 50 students is taken from Utah Valley University (UVU). These students spent an average of 175 on books this semester, with a standard deviation of 25.
A 95 confidence interval for the average amount of money spent on books for all students at UVU is equal to ________. (Hint: Use Excel function to obtain the critical value.)A) 175 3.47
B) 175 7.18
C) 175 7.51
D) 175 3.86