Multiple Choice
A manager at a local bank analyzed the relationship between monthly salary (y, in $) and length of service (x, measured in months) for 30 employees. She estimates the model: Salary = β0 + β1Service + ε. The following ANOVA table summarizes a portion of the regression results. 
The coefficient of determination indicates that ________.
A) 22.06% of the variation in Salary is explained by the sample regression equation
B) 22.06% of the variation in Service is explained by the sample regression equation
C) 81.61% of the variation in Salary is explained by the sample regression equation
D) 81.61% of the variation in Service is explained by the sample regression equation
Correct Answer:
Verified
Correct Answer:
Verified
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