The Coefficient of Determination for Estimating Packaging Costs for a Local

Multiple Choice

The coefficient of determination for estimating packaging costs for a local shipper was determined to be 0.84. Which of the following statement is not correct?

A) The coefficient of determination is a measure of the percent of variation in the independent variable that is explained by variations in the dependent variable.
B) Coefficient of determination is often referred to as R-squared by statisticians.
C) The coefficient of determination can have values between zero and one.
D) Coefficient of determination values close to zero suggesting that the equation is not very useful.