In a Simple Linear Regression Analysis, If SSE = 27

question 30

Multiple Choice

In a simple linear regression analysis, if SSE = 27, Total SS = 63, then the percentage of the variation in the dependent variable y that is explained by the independent variable x is about:

• A) 43%
• B) 27%
• C) 63%
• D) 57%
• E) 36%

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Definitions:

Income Distribution

How total earnings are distributed across individuals or households within an economy.

Equal Slices

A method of dividing or allocating resources, goods, or profits evenly among all parties or members.

Corporate Stock Holdings

The shares of a corporation held by an individual, group, or another corporation, representing ownership interests.

Household Income

The total pre-tax earnings received by members of a household from all sources in a given period.