Instruction 13.19 You Decide to Predict Petrol Prices in Different Cities and Cities

question 178

Multiple Choice

Instruction 13.19
You decide to predict petrol prices in different cities and towns in Australia for your term project. Your dependent variable is price of petrol per litre and your explanatory variables are per capita income, the number of firms that manufacture automobile parts in and around the city, the number of new business starts in the last year, population density of the city, percentage of local taxes on petrol and the number of people using public transportation. You collected data of 32 cities and obtained a regression sum of squares SSR = 122.8821. Your computed value of standard error of the estimate is 1.9549.
-Referring to Instruction 13.19,what is the value of the coefficient of multiple determination?

• A) 0.6472
• B) 0.4576
• C) 0.5626
• D) 0.2225

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