Star,Incused Excel to Run a Least-Squares Regression Analysis,which Resulted in the Following

question 30

Multiple Choice

Star,Inc.used Excel to run a least-squares regression analysis,which resulted in the following output: How much of the variation in cost is explained by production?

• A)It is impossible to determine.
• B)92.13%
• C)95.17%
• D)97.55%

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Definitions:

Normal Distribution

It is a probability distribution that features a symmetric alignment around the mean, emphasizing that data around the mean occur more than data at a distance.

Degrees of Freedom

The count of separate values or amounts that are capable of changing in an analysis while still respecting all limitations.

T-test

A statistical method employed to ascertain whether there's a notable disparity between the averages of two sets.

Interval Data

A type of numerical data that has meaningful intervals between values but no true zero, allowing for the measurement of differences.