A study was recently done in which the following regression output was generated using Excel.
SUMMARY OUTPUT Given this,we know that approximately 57 percent of the variation in the y variable is explained by the x variable.

Question

A study was recently done in which the following regression output was generated using Excel.
SUMMARY OUTPUT  Given this,we know that approximately 57 percent of the variation in the y variable is explained by the x variable.

Quizplus · Accepted Answer

The R-squared value (which represents the proportion of variability in the dependent variable that is explained by the independent variable) is 0.57 or 57%, so approximately 57% of the variation in the y variable is explained by the x variable.

A Study Was Recently Done in Which the Following Regression