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

Quizplus · Accepted Answer

The coefficient of determination (R-squared) represents the proportion of variation in the dependent variable (y) that is explained by the independent variable (x). In this case, the output indicates an R-squared value of 0.57, which means that 57% of the variation in the y variable is explained by the x variable. Therefore, the statement is true.

A Study Was Recently Done in Which the Following Regression