A coefficient of determination of 0.91 means
A)the two variables move together in the same direction and have a strong relationship.
B)the parameter is not significant.
C)the model is significant 91 percent of the time.
D)that the independent variable explains 91 percent of the cost.

Question

Quizplus · Accepted Answer

The coefficient of determination, denoted as R^2, measures the proportion of the variance in the dependent variable that is predictable from the independent variable(s). A value of 0.91 indicates that 91% of the variance in the dependent variable can be explained by the model, which includes the independent variable(s).

A Coefficient of Determination of 0.91 Means