For the Following Data, the Value of SSE = 12

question 128

Multiple Choice

For the following data, the value of SSE = 12.75. ​ The coefficient of determination (r²) equals

• A) .7651.
• B) -.7651.
• C) .5854.
• D) -.5854.

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Definitions:

Permanent Accounts

Accounts that carry their ending balances over to the next accounting period and are not closed at the end of the financial year.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts, clearing the way for the next accounting period.

Periodic Financial Statements

Reports that are issued at regular intervals, such as monthly, quarterly, or annually, summarizing a company's financial position.