Exhibit 14-2
The station manager of a local television station is interested in predicting the amount of television (in hours)that people will watch in the viewing area.The explanatory variables are: X₁ age (in years),X₂ education (highest level obtained,in years)and X₃ family size (number of family members in household).The multiple regression output is shown below:

-Refer to Exhibit 14-2.Identify and interpret the percentage of variation explained (R²)for the model.

Question

Exhibit 14-2
The station manager of a local television station is interested in predicting the amount of television (in hours)that people will watch in the viewing area.The explanatory variables are: X₁ age (in years),X₂ education (highest level obtained,in years)and X₃ family size (number of family members in household).The multiple regression output is shown below:

-Refer to Exhibit 14-2.Identify and interpret the percentage of variation explained (R²)for the model.

Quizplus · Accepted Answer

The Answer of Exhibit 14-2 The station manager of a local television station is interested in predicting the amount of television (in hours)that people will watch in the viewing area.The explanatory variables are: X 1 age (in years),X 2 education (highest level obtained,in years)and X 3 family size (number of family members in household).The multiple regression output is shown below: -Refer to Exhibit 14-2.Identify and interpret the percentage of variation explained (R²)for the model.

Exhibit 14-2 The Station Manager of a Local Television Station Is Interested