You have been asked to determine the relative error of the regression. The Sum of Standard Error of the Estimate (SEE) is .050 fit space and the average cost is 3.65, what is the Coefficient of Variation (CV) and what does that mean?
a The CV is 0.986 and we can expect to be off by 1.4%.
b The CV is 0.986 and we can expect to be off by 98.6%.
c The CV is 0.14 and we can expect to be off by 98.6%.
d The CV is 0.014 and we can expect to be off by 1.4%.