Question

For a sample of 27 New England cities, a sociologist studies the crime rate in each city (crimes per 100,000 residents) as a function of its poverty rate (in %) and its median income (in $1,000s). He finds that SSE = 4,102,577 and SST = 7,622,089.

a. Calculate the standard error of the estimate.

Answer 1

The standard error of the estimate is 413.4498

Explanation:

According to the given data of ,in order to calculate the standard error of the estimate we would have to use the following formula:

Standard Error =sqrt(SSE/(n-p-1))

Standard Error =sqrt(4102577/(27-2-1))

Standard Error = 413.4498

The standard error of the estimate is 413.4498