I Trying to Predict Weekly Sales with a Standard Error

Multiple Choice

i. Trying to predict weekly sales with a standard error of estimate of $1,955, we would conclude that 68 percent of the predictions would not be off more than $1,955, 95 percent would not be off by more
$3,910, and 99.7 percent would not be off by more than $5,865. T6
Ii) The smaller the sample, the smaller the possible error as measured by the standard error of estimate. F6
Iii) Approximately 95% of the values lie within two standard errors of the regression line.

A) (i) , (ii) and (iii) are all correct statements
B) (i) and (ii) are correct statements, but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) All statements are false