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.