Which of the following statements is the best explanation of the R²? A)3)5% of the accident damage can be explained by the age of the driver. B)3)5% of the variation in accident damage can be explained by variation in the age of the driver. C)3)5% of the coefficients,t-stat,and p-value can be explained by the age of the driver. D)3)5% of the total error can be explained by the SSE.

Question

Quizplus · Accepted Answer

The code R² likely refers to a statistical analysis, and this statement suggests that 35% of the variation in accident damage can be explained by the age of the driver.

Which of the Following Statements Is the Best Explanation of the R2

Which of the Following Statements Is the Best Explanation of the R²