following sample contains values of the price and quantity sold of a particular commodity. Use quantity sold as the dependent variable Y. Price (X) Quantity sold (Y) 6.00 3.00 7.00 1.00 53 67 48 76 2.00 8.00 70 28 Σæ=27, Σy=342, Σ m2 =163, Σ wy=1295, Σ υ = 21062, n = 6. d. Find the coefficient of determination and interpret.
following sample contains values of the price and quantity sold of a particular commodity. Use quantity sold as the dependent variable Y. Price (X) Quantity sold (Y) 6.00 3.00 7.00 1.00 53 67 48 76 2.00 8.00 70 28 Σæ=27, Σy=342, Σ m2 =163, Σ wy=1295, Σ υ = 21062, n = 6. d. Find the coefficient of determination and interpret.
MATLAB: An Introduction with Applications
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Chapter1: Starting With Matlab
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![d. Find the coefficient of determination and interpret.
0.916 and prediction accuracy is 91.6%.
0.916 and prediction accuracy is 8.4%.
0.957 and prediction accuracy is 95.7%.
O 0.957 and prediction accuracy is 4.3%.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fae25ab45-ae90-481a-a08d-38576354b5ac%2Fd5206da8-6a45-4a9b-ab30-41a1260117f3%2F7amkjq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:d. Find the coefficient of determination and interpret.
0.916 and prediction accuracy is 91.6%.
0.916 and prediction accuracy is 8.4%.
0.957 and prediction accuracy is 95.7%.
O 0.957 and prediction accuracy is 4.3%.
![3. The following sample contains values of the price and quantity sold of a particular
commodity. Use quantity sold as the dependent variable Y.
Price (X)
Quantity sold
(Y)
6.00 3.00
53
67
7.00
48
1.00
76
2.00 8.00
70
28
Σæ=27, Σy=342, Σ 2 =163, Σ wy=1295, Σ υ = 21062, n = 6.
d. Find the coefficient of determination and interpret.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fae25ab45-ae90-481a-a08d-38576354b5ac%2Fd5206da8-6a45-4a9b-ab30-41a1260117f3%2F3uruluu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3. The following sample contains values of the price and quantity sold of a particular
commodity. Use quantity sold as the dependent variable Y.
Price (X)
Quantity sold
(Y)
6.00 3.00
53
67
7.00
48
1.00
76
2.00 8.00
70
28
Σæ=27, Σy=342, Σ 2 =163, Σ wy=1295, Σ υ = 21062, n = 6.
d. Find the coefficient of determination and interpret.
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