Math Problem Statement

How can calculate the error for the slope

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Regression
Statistics
Error Analysis

Formulas

Slope of a line: m = (Σ(xy) - Σ(x)Σ(y)/n) / (Σ(x^2) - (Σ(x))^2/n)
Standard Error of Slope: SE_slope = σ / sqrt(Σ(xi - x̄)^2)
Residuals: ε = observed - predicted

Theorems

Least Squares Method
Standard Error Theorem

Suitable Grade Level

College/University Level