Curry Rubber manufactures rubber bands for retail companies. The accounting manager has created a regression analysis of past data. You notice that the formula has an R-squared of .6, a t-value of 2.3, and a standard error of the estimate of $200,000. The estimate for next quarter costs is $2,584,072. What do these statistics tell you about the reliability and precision of his regression analysis?
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.