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TABLE 12-11 A Computer Software Developer Would Like to Use the Number

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TABLE 12-11
A computer software developer would like to use the number of downloads (in thousands) for the trial version of his new shareware to predict the amount of revenue (in thousands of dollars) he can make on the full version of the new shareware. Following is the output from a simple linear regression along with the residual plot and normal probability plot obtained from a data set of 30 different sharewares that he has developed:
TABLE 12-11 A computer software developer would like to use the number of downloads (in thousands)  for the trial version of his new shareware to predict the amount of revenue (in thousands of dollars)  he can make on the full version of the new shareware. Following is the output from a simple linear regression along with the residual plot and normal probability plot obtained from a data set of 30 different sharewares that he has developed:            -Referring to Table 12-11, which of the following is the correct interpretation for the coefficient of determination? A)  74.67% of the variation in revenue can be explained by the variation in the number of downloads. B)  75.54% of the variation in revenue can be explained by the variation in the number of downloads. C)  74.67% of the variation in the number of downloads can be explained by the variation in revenue. D)  75.54% of the variation in the number of downloads can be explained by the variation in revenue.
TABLE 12-11 A computer software developer would like to use the number of downloads (in thousands)  for the trial version of his new shareware to predict the amount of revenue (in thousands of dollars)  he can make on the full version of the new shareware. Following is the output from a simple linear regression along with the residual plot and normal probability plot obtained from a data set of 30 different sharewares that he has developed:            -Referring to Table 12-11, which of the following is the correct interpretation for the coefficient of determination? A)  74.67% of the variation in revenue can be explained by the variation in the number of downloads. B)  75.54% of the variation in revenue can be explained by the variation in the number of downloads. C)  74.67% of the variation in the number of downloads can be explained by the variation in revenue. D)  75.54% of the variation in the number of downloads can be explained by the variation in revenue.
TABLE 12-11 A computer software developer would like to use the number of downloads (in thousands)  for the trial version of his new shareware to predict the amount of revenue (in thousands of dollars)  he can make on the full version of the new shareware. Following is the output from a simple linear regression along with the residual plot and normal probability plot obtained from a data set of 30 different sharewares that he has developed:            -Referring to Table 12-11, which of the following is the correct interpretation for the coefficient of determination? A)  74.67% of the variation in revenue can be explained by the variation in the number of downloads. B)  75.54% of the variation in revenue can be explained by the variation in the number of downloads. C)  74.67% of the variation in the number of downloads can be explained by the variation in revenue. D)  75.54% of the variation in the number of downloads can be explained by the variation in revenue.
-Referring to Table 12-11, which of the following is the correct interpretation for the coefficient of determination?


Definitions:

Random Sample

A smaller group selected from a broader group, ensuring each person has the same probability of selection.

Confidence Interval

With a certain probability, a specified interval in statistics presumed to include the actual value of a parameter from a population whose characteristics are not known.

Regular Unleaded Gasoline

A type of gasoline without lead additives, used in motor vehicles, that meets specific octane and emissions standards.

Gas Stations

Places where fuel for vehicles, such as gasoline or diesel, is sold to the public.

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