The table shows the average weekly wages​ (in dollars) for state government employees and federal government employees for 8 years. The equation of the regression line is y=1.557x−135.290.   Average Weekly Wages (state), x Average Weekly Wages (federal), y 765 1001 769 1043 784 1105 801 1149 835 1203 881 1247 917 1284 941 1305 Complete parts​ (a) and​ (b) below.   ​(a) Find the coefficient of determination and interpret the result.   r2= ​(Round to three decimal places as​ needed.) How can the coefficient of determination be​ interpreted?   (b) Find the standard error of estimate se and interpret the result.   se= ​(Round to two decimal places as​ needed.) How can the standard error of estimate be​ interpreted?

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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The table shows the average weekly wages​ (in dollars) for state government employees and federal government employees for 8 years. The equation of the regression line is

y=1.557x−135.290.
 
Average Weekly Wages (state), x Average Weekly Wages (federal), y
765 1001
769 1043
784 1105
801 1149
835 1203
881 1247
917 1284
941 1305

Complete parts​ (a) and​ (b) below.

 

​(a) Find the coefficient of determination and interpret the result.
 
r2=
​(Round to three decimal places as​ needed.)
How can the coefficient of determination be​ interpreted?
 
(b) Find the standard error of estimate
se
and interpret the result.
 
se=
​(Round to two decimal places as​ needed.)
How can the standard error of estimate be​ interpreted?
 
 
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