Which of the following statements about the R-squared statistic of a linear estimation (or linear regression) is true? An R-squared statistic of 0.6 means the variation of the independent (explanatory) variable explains about 60% of the variation of the dependent variable. An R-squared statistic of 0.6 means 60% the variation of the dependent variable cannot be explained by the variation of the independent (explanatory) variable. An R-squared statistic of 0.6 means the variation of the dependent variable explains about 60% of the variation of the independent (explanatory) variable.
Which of the following statements about the R-squared statistic of a linear estimation (or linear regression) is true? An R-squared statistic of 0.6 means the variation of the independent (explanatory) variable explains about 60% of the variation of the dependent variable. An R-squared statistic of 0.6 means 60% the variation of the dependent variable cannot be explained by the variation of the independent (explanatory) variable. An R-squared statistic of 0.6 means the variation of the dependent variable explains about 60% of the variation of the independent (explanatory) variable.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter4A: Problems In Applying The Linear Regression Model
Section: Chapter Questions
Problem 5E
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![Which of the following statements about the R-squared statistic of a linear estimation (or linear
regression) is true?
An R-squared statistic of 0.6 means the variation of the independent (explanatory) variable
explains about 60% of the variation of the dependent variable.
O An R-squared statistic of 0.6 means 60% the variation of the dependent variable cannot be
explained by the variation of the independent (explanatory) variable.
O An R-squared statistic of 0.6 means the variation of the dependent variable explains about 60%
of the variation of the independent (explanatory) variable.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F982ca940-aacc-41e0-977d-6821d72cf027%2F77ee58db-4bfc-4e90-bb15-fb596bb84761%2Fd1bzt4i_processed.png&w=3840&q=75)
Transcribed Image Text:Which of the following statements about the R-squared statistic of a linear estimation (or linear
regression) is true?
An R-squared statistic of 0.6 means the variation of the independent (explanatory) variable
explains about 60% of the variation of the dependent variable.
O An R-squared statistic of 0.6 means 60% the variation of the dependent variable cannot be
explained by the variation of the independent (explanatory) variable.
O An R-squared statistic of 0.6 means the variation of the dependent variable explains about 60%
of the variation of the independent (explanatory) variable.
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