Answered: Data from a small bookstore are shown…

Data from a small bookstore are shown in the accompanying table. What is the value of R squared and what does it mean? What is the value of R squared ? What does the value of R squared mean?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

Data from a small bookstore are shown in the accompanying table. What is the value of R squared and what does it mean? What is the value of R squared ? What does the value of R squared mean?

Number of sales
people working
2
2479
4
10
10
12
14
16
18
x = 10.2
SD(x) = 5.05
Sales (in $1000)
10
11
13
14
19
21
21
23
23
27
y = 18.2
SD(y) = 5.81

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