Calculate the coefficient of determination for the data, and interpret the value in context.

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Calculate the coefficient of determination for the data, and interpret the value in context.

Question 1
Show all your work. Indicate clearly the methods you use, because you will be scored on the correctness of your methods as well as on the accuracy and completeness of your results and explanations.
The following table shows the annual income, in dollars, and amount spent on vacation, in dollars, for a sample of 8 families.
Income
41,100
53,000
27,400
34,400
65,800
98,100
72,000
56,700
Vacation
2,700
2,400
1,700
2,500
2,800
5,100
4,200
3,200
Transcribed Image Text:Question 1 Show all your work. Indicate clearly the methods you use, because you will be scored on the correctness of your methods as well as on the accuracy and completeness of your results and explanations. The following table shows the annual income, in dollars, and amount spent on vacation, in dollars, for a sample of 8 families. Income 41,100 53,000 27,400 34,400 65,800 98,100 72,000 56,700 Vacation 2,700 2,400 1,700 2,500 2,800 5,100 4,200 3,200
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