24 18 113 51 17 178 41 95 52 19 176 74 7. 171 37 12 117 59 13 142 76 17 211 swers to three decimal places.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Consider the following data for a dependent variable y and two independent variables, and a; for these data SST = 15,102.4, and SSR = 14,033.2.
30
12
94
47
11
109
24
18
113
51
17
178
41
95
52
19
176
74
171
37
12
117
59
13
142
76
17
211
Round your answers to three decimal places.
a. Compute R
b. Compute R
c. Does the estimated regression equation explain a large amount of the variability in the data?
Yes
Transcribed Image Text:Consider the following data for a dependent variable y and two independent variables, and a; for these data SST = 15,102.4, and SSR = 14,033.2. 30 12 94 47 11 109 24 18 113 51 17 178 41 95 52 19 176 74 171 37 12 117 59 13 142 76 17 211 Round your answers to three decimal places. a. Compute R b. Compute R c. Does the estimated regression equation explain a large amount of the variability in the data? Yes
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