Solved

The Joseph Company Used Regression Analysis to Predict the Annual

Question 120

Multiple Choice

The Joseph Company used regression analysis to predict the annual cost of utilities.The results were as follows:
 Utilities Cost  Explained by Direct Labor Hours  Constant 2,500 Standard error of Y estimate 0.7 R-Squared 0.85 No. of observations 30 Degrees of freedom 28 X Coefficient 0.84 Standard error of coefficient 0.92\begin{array}{ll}&\text { Utilities Cost }\\&\text { Explained by Direct Labor Hours }\\\text { Constant } & 2,500 \\\text { Standard error of } Y \text { estimate } & 0.7 \\\text { R-Squared } & 0.85 \\\text { No. of observations } & 30 \\\text { Degrees of freedom } & 28 \\\text { X Coefficient } & 0.84 \\\text { Standard error of coefficient } & 0.92\end{array}
The coefficient of determination is ________.


A) 0.70
B) 0.84
C) 0.85
D) 0.92

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents