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BCF 130 Lesson 8-9

The best way i can include the symbols

1.      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.

[image description: n=12, Summation of (Y-Yhat)2=15000, Ybar-314.375]

N=12  (Y^Ẏ-)2 = 15000          Y = 314.375

a.      If we used this equation, we could typically expect to be off by +  12.32%

b.      If we used this equation, we could typically expect to be off by +  11.75%

c.      If we used this equation, we could typically expect to be off by + 11.75K

d.      If we used this equation, we could typically expect to be off by + 12.32K

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