In a multiple regression analysis involving 50 observations and 5 independent variables, SST = 475 and SSE = 71.25. The multiple coefficient of determination is 0.85.

Question

Quizplus · Accepted Answer

The multiple coefficient of determination (R-squared) is calculated as 1 - (SSE/SST). Plugging in the given values, we get R-squared = 1 - (71.25/475) = 0.85. Therefore, the statement is true.

In a Multiple Regression Analysis Involving 50 Observations and 5