Consider the Following Partially Completed Computer Printout for a Regression

question 131

Multiple Choice

Consider the following partially completed computer printout for a regression analysis where the dependent variable is the price of a personal computer and the independent variable is the size of the hard drive. Based on the information provided, what percentage of the variation in the price of the personal computers is accounted for by the regression model using hard drive capacity as the independent variable?

• A) About 82 percent
• B) About 67 percent
• C) 217.75
• D) About 66 percent

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Definitions:

Proprietors

Owners of a business or holders of property.

Production Input

Any resource used in the creation of goods or services, such as labor, raw materials, and capital.

Croissants

A type of pastry of Austrian origin, which is made of a layered yeast-leavened dough, known for its crescent shape and flaky texture.

Production Factor

Inputs used in the production of goods or services in order to make an economic profit, including land, labor, capital, and entrepreneurship.