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A manufacturer of boiler drums wants to use regression to predict the number of man-hours needed to erect drums in the future. The manufacturer collected a random sample of 35 boilers and measured the following two variables:
MANHRS: Number of man-hours required to erect the drum
PRESSURE: Boiler design pressure (pounds per square inch, i.e., )
The simple linear model was fit to the data. A printout for the analysis appears below:
UNWEIGHTED LEAST SQUARES LINEAR REGRESSION OF MANHRS
Give a practical interpretation of the coefficient of determination, .
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