Write the Word or Phrase That Best Completes Each Statement $\mathrm { R } ^ { 2 } = 0.83$

question 166

Essay

Write the word or phrase that best completes each statement or answers the question.
-The coefficient of determination for a straight-line model relating selling price y to manufacturing cost x for a particular item is $\mathrm { R } ^ { 2 } = 0.83$ . Interpret this value.

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Definitions:

G. Stanley Hall

An American psychologist and educator, known as a pioneer in the study of child development and in the establishment of educational psychology.

Interacting Factors

Elements or conditions that affect each other's presence or intensity, often contributing to the complexity of outcomes in studies or real-life scenarios.

Behaviour

The way an individual or system behaves or responds to external or internal triggers.

Psychologists

Professionals who study cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and to their environments.