The coefficient of determination is
A)a measure of the variability of actual costs around the cost-estimating equation.
B)used to construct probability intervals for cost estimates.
C)a standardized measure of the degree to which two variables move together.
D)a measure of the percent variation in the dependent variable that is explained by the cost estimating equation.

Question

Quizplus · Accepted Answer

The coefficient of determination is a measure of the percent variation in the dependent variable that is explained by the cost estimating equation. It is typically denoted as R-squared and ranges from 0 to 1, where 0 represents no relationship between the variables and 1 represents a perfect relationship.

The Coefficient of Determination Is