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.

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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%.
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.
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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