curry rubber manufactures rubber bands for retail companies. the accounting manager has performed a regression analysis of past data. you notice that the formula has an r-squared of 0.71, a t-value of 2.8, and a standard error of the estimate of $204,600. the estimate for next quarter costs is $2,590,055. calculate standard error as a % of predicted total cost which represents a measure of precision of his regression analysis? (round your answer to one decimal place, i.e., 0.052

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02-11-2022
Mathematics

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curry rubber manufactures rubber bands for retail companies. the accounting manager has performed a regression analysis of past data. you notice that the formula has an r-squared of 0.71, a t-value of 2.8, and a standard error of the estimate of $204,600. the estimate for next quarter costs is $2,590,055. calculate standard error as a % of predicted total cost which represents a measure of precision of his regression analysis? (round your answer to one decimal place, i.e., 0.052

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