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A statistician wanted to determine whether the demographic variables of age, education and income influence the number of hours of television watched per week. A random sample of 25 adults was selected to estimate the multiple regression model .
Where:
y = number of hours of television watched last week. = age. = number of years of education. = income (in $1000s).
The computer output is shown below.
THE REGRESSION EQUATION IS S = 4.51 R-Sq = 34.8%. What is the coefficient of determination? What does this statistic tell you?
Specific Performance
A legal remedy requiring a party to execute a contract according to its precise terms.
Seller
An individual or entity that offers goods or services for sale to a buyer in exchange for compensation.
Lessor
The party in a lease agreement who owns the property and grants the right of use to another party, called the lessee, in exchange for payment.
Contractual Remedies
Legal means available to a party under a contract to enforce its rights or compensate for the other party's breach.
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