A Coefficient of Determination of 0.91 Means

question 6

Multiple Choice

A coefficient of determination of 0.91 means

• A)the two variables move together in the same direction and have a strong relationship.
• B)the parameter is not significant.
• C)the model is significant 91 percent of the time.
• D)that the independent variable explains 91 percent of the cost.

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Definitions:

Economic Crisis

A period characterized by widespread financial instability, which may lead to a recession and significantly impact employment and wealth.

American Individualism

A cultural value that emphasizes the importance of individual freedom, self-reliance, and independence, traditionally considered a hallmark of American society.

Herbert Hoover

The 31st President of the United States (1929-1933), whose term was marked by the onset of the Great Depression.

Federal Government

The national government of the United States, created by the Constitution, which divides powers between the executive, legislative, and judicial branches.