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The Regression Equation = 3,698 + 2,538X Gives an R2

Question 21

Multiple Choice

The regression equation The regression equation = 3,698 + 2,538X gives an R<sup>2 </sup>value of 0.2645.This means that ________. A) X and Y have a very high level of correlation B) the percentage of variation in Y that is attributed to random factors is 26.45% C) 26.45% of the variation in Y can be explained by X D) a one-percent change in Y will lead to a 26.45% change in X = 3,698 + 2,538X gives an R2 value of 0.2645.This means that ________.


A) X and Y have a very high level of correlation
B) the percentage of variation in Y that is attributed to random factors is 26.45%
C) 26.45% of the variation in Y can be explained by X
D) a one-percent change in Y will lead to a 26.45% change in X

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