A Multiple Regression Analysis Produced the Following Output from Excel

question 78

Multiple Choice

A multiple regression analysis produced the following output from Excel. The coefficient of multiple determination is ____________.

• A)0.9787
• B)0.9579
• C)0.9523
• D)67.671
• E)0.0489

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Definitions:

Total Utility

The overall satisfaction or utility a consumer derives from consuming a certain quantity of goods or services.

Philosopher-Economist

An individual who contributes to the fields of philosophy and economics, often analyzing the ethical implications of economic theories or decisions.

Jeremy Bentham

A British philosopher, jurist, and social reformer in the 18th century, known as the founder of modern utilitarianism.

Marginal Utility

The further happiness or usefulness a person gets from consuming an additional unit of a product or service.