The percentage of the variation in weekly rental that is explained by the square footage of the property is _______.

Question

Quizplus · Accepted Answer

The percentage of the variation in weekly rental that is explained by the square footage of the property is represented by the coefficient of determination, often denoted as R^2 in regression analysis. The correct choice, 47.38%, indicates that approximately 47.38% of the variability in weekly rental prices can be explained by the square footage of the property. This is a measure of how well the regression model explains the observed outcomes.

The Percentage of the Variation in Weekly Rental That Is