The percentage of the variation in selling price that is explained by the age of the used car is ______.

Question

Quizplus · Accepted Answer

The percentage of the variation in selling price that is explained by the age of the used car is typically represented by the coefficient of determination, denoted as R^2 in regression analysis. Without specific data or a regression output provided, it's impossible to determine the exact percentage. However, if this is a question with a given correct answer, assuming B) 78.85 is correct would imply that 78.85% of the variance in the selling price can be explained by the age of the used car, indicating a strong relationship between these two variables.

The Percentage of the Variation in Selling Price That Is