Use the Given Information to Find the Coefficient of Determination

question 68

Multiple Choice

Use the given information to find the coefficient of determination. A regression equation is obtained for a collection of paired data. It is found that the total variation is 20.711, the explained variation is 18.592, and the
Unexplained variation is 2.119.

• A) 0.114
• B) 1.114
• C) 0.898
• D) 0.102

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Definitions:

Government Budget Deficit

The financial situation that occurs when a government spends more money than it receives in revenue over a given fiscal period.

Interest Rate

The number of dollars earned per dollar invested per period.

Real Rate

The rate of interest an investor expects to receive after allowing for inflation, reflecting the true cost of borrowing and the true yield on investments.

Nominal Rate

The rate of interest quoted on loans and investments, without taking into account the compounding of interest within a year or the effects of inflation.