Solved

Write the Word or Phrase That Best Completes Each Statement R2=0.83\mathrm { R } ^ { 2 } = 0.83

Question 166

Essay

Write the word or phrase that best completes each statement or answers the question.
-The coefficient of determination for a straight-line model relating selling price y to manufacturing cost x for a particular item is R2=0.83\mathrm { R } ^ { 2 } = 0.83 . Interpret this value.

Correct Answer:

verifed

Verified

The model explains 8...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions