Problem

Suppose you fit a least squares line to 12 data points and the calculated value of SSE is...

Suppose you fit a least squares line to 12 data points and the calculated value of SSE is .429.

a. Find s2, the estimator of σ2 (the variance of the random error term ɛ ).


b. Find s , the estimate of σ


c. What is the largest deviation that you might expect between any one of the 12 points and the least squares line?

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