Based on goodness-of-fit measures, what is the percentage of the sample variation unexplained by Model 2? Model 1 Model 2 Model 3 Standard error of the estimate Se 6, 204.9086 5,614.9849 5,818.1321 Coefficient of determination R2 0.8262 0.5931 0.0415 Adjusted R2 0.3855 0.9980 0.3730 Multiple Choice 59.31% 99.80% 37.30% 40.69%

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Based on goodness-of-fit measures, what is the percentage of the sample variation unexplained by Model 2?
Model 1
Model 2
Model 3
Standard error of the estimate Se
6, 204.9086
5,614.9849
5,818.1321
Coefficient of determination R2
0.8262
0.5931
0.0415
Adjusted R2
0.3855
0.9980
0.3730
Multiple Choice
59.31%
99.80%
37,30%
40.69%
Transcribed Image Text:Based on goodness-of-fit measures, what is the percentage of the sample variation unexplained by Model 2? Model 1 Model 2 Model 3 Standard error of the estimate Se 6, 204.9086 5,614.9849 5,818.1321 Coefficient of determination R2 0.8262 0.5931 0.0415 Adjusted R2 0.3855 0.9980 0.3730 Multiple Choice 59.31% 99.80% 37,30% 40.69%
Expert Solution
Step 1

The given output for multiple linear regression output is,

Statistics homework question answer, step 1, image 1

From the output, the value of coefficient of determination for model 2 is, 0.5931

 

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