Essay
Exhibit 9.1
The following questions are based on the problem description and spreadsheet below.
A company has built a regression model to predict the number of labor hours (Yi) required to process a batch of parts (Xi). It has developed the following Excel spreadsheet of the results. 
-Refer to Exhibit 9.1. Interpret the meaning of R Square in cell B3 of the spreadsheet.
Correct Answer:
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The R Square value of 0. 9941 ...View Answer
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