Exhibit 16-1 In a Regression Analysis Involving 25 Observations, the Following Estimated

question 30

Multiple Choice

Exhibit 16-1
In a regression analysis involving 25 observations, the following estimated regression equation was developed. Also, the following standard errors and the sum of squares were obtained.
S_b1 = 3
S_b2 = 6
S_b3 = 7
SST = 4,800
SSE = 1,296
-Refer to Exhibit 16-1. The multiple coefficient of determination is

• A)0.27
• B)0.73
• C)0.50
• D)0.33

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Definitions:

Contra Account

An account used in the general ledger to reduce the value of a related account when the two are netted together.