Statistics Solutions

(See Solution) Use the data in the table, which shows the personal income and outlays (both in trillions of dollars) for Americans for 11 recent years.

Question: Use the data in the table, which shows the personal income and outlays (both in trillions of dollars) for Americans for 11 recent years.

Personal income, x Personal outlays, y
5.6
5.8
6.2
6.5
6.9
7.4
7.8
8.4
8.7
8.9
9.2 		4.6
4.9
5.2
5.5
5.8
6.1
6.5
7.0
7.3
7.7
8.0

Find the standard error of estimate \({{s}_{e}} \) and interpret the results.

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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