12
AssignmentDropdown

R-squared and s

Question 12 • SC-Statistical Modeling SDPC

The value of s = tells us that the predicted account balance is typically off of the actual balance by about .

Answer
A
dollars
B
withdrawals

Explanation

The value of s describes the typical size of the prediction errors, in the same units as the quantity being predicted. Since account balance is measured in dollars, the predicted balance is typically off by about a certain number of dollars, not withdrawals.

AI-written and checked against the verified answer.

Previous
Next