Given a one independent variable linear equation that states cost in $K, and giv

Question

Given a one independent variable linear equation that states cost in $K, and given the following information, calculate the coefficient of variation and determine its meaning:

n = 12   (Y Y2) = 10591 = 314.475

Possible answers:
If we used this equation, we could typically expect to be off by ± 29.31%.
If we used this equation, we could typically expect to be off by ± 10.35%.
If we used this equation, we could typically expect to be off by ± 11.57%.
If we used this equation, we could typically expect to be off by ± 33.85%.

Explanation / Answer

Given a one independent variable linear equation that states cost in $K, and giv

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