The Following Data Have Been Collected for a Simple Linear

question 35

Multiple Choice

The following data have been collected for a simple linear regression analysis relating sales (y) to price (x) : In applying the least squares criterion, the slope (b) and the intercept (a) for the best-fitting line are b = -12 and a = 162.Compute the value of r² here.

• A).66
• B).72
• C).54
• D).77
• E).81

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