You have calculated the following power model and associated unit sp Image Descr

Question

You have calculated the following power model and associated unit sp Image Description: n = 7, Summation of (Y - Y)^2 = 1285] Cost = 2.85 (Weight)^0.895 n = 7 sigma (Y - Y)^2 = 1285 As an alternative, you could use the linear equation: Cost = 122.31 + 126.80 (Weight) SE = 12.69 You would select the: Power equation because it has a higher standard error than the linear model. Linear equation because it has a lower standard error than the power model. Power equation because it has a lower standard error than the linear model. Linear equation because it has a higher standard error than the power model.

Explanation / Answer

We would go with the linear equation in this scenario because we see that the standard error of the linear equation if lower than that of the power model. So correct choice is B

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