Info: y = 2000.0447 + 90.6298x Value of R squared = 0.266 Value of Se = 1,602.41   1) To what numerical value do you compare the Se (2 decimals)?   2) Based on the results for R squared and Se, do you believe this is a good model?  YES or NO   Why or why not?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Info:

y = 2000.0447 + 90.6298x

Value of R squared = 0.266

Value of Se = 1,602.41

 
1) To what numerical value do you compare the Se (2 decimals)?
 
2) Based on the results for R squared and Se, do you believe this is a good model?  YES or NO
 
Why or why not?
Bonus
Production
15
2810
20
2620
3080
4200
7
1500
12
3160
25
4680
10
2330
12
1780
3
3910
1600
11
3000
3200
17
3050
22
5650
24
5000
7
1480
12
2980
Transcribed Image Text:Bonus Production 15 2810 20 2620 3080 4200 7 1500 12 3160 25 4680 10 2330 12 1780 3 3910 1600 11 3000 3200 17 3050 22 5650 24 5000 7 1480 12 2980
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