The Proportion of the Variation in the Dependent Variable Y

question 64

Multiple Choice

The proportion of the variation in the dependent variable y that is explained by the estimated regression equation is measured by the​

• A) ​correlation coefficient.
• B) ​standard error of the estimate.
• C) ​coefficient of determination.
• D) ​confidence interval estimate.

---

Definitions:

Unemployment

The situation when individuals who are capable of working are unable to find a job.

Normative

Relating to principles or rules of right conduct or the distinction between right and wrong; ethical.

Minimum Wage

The lowest legal salary that employers can pay workers, intended to protect workers from unduly low pay.

Positive Economic Statement

An objective statement based on facts and evidence that can be tested and validated, concerning how the economy works.