A multiple regression is shown below for a data set of yachts where the dependent variable is the price of the boat in thousands of dollars. Given this information, what percentage of variation in the dependent variable is explained by the regression model?
A) Approximately 68 percent
B) About 83 percent
C) About 37 percent
D) About 60 percent

Question

A multiple regression is shown below for a data set of yachts where the dependent variable is the price of the boat in thousands of dollars.  Given this information, what percentage of variation in the dependent variable is explained by the regression model?
A) Approximately 68 percent 
B) About 83 percent 
C) About 37 percent 
D) About 60 percent

Quizplus · Accepted Answer

The Answer of A multiple regression is shown below for a data set of yachts where the dependent variable is the price of the boat in thousands of dollars.  Given this information, what percentage of variation in the dependent variable is explained by the regression model?
A) Approximately 68 percent 
B) About 83 percent 
C) About 37 percent 
D) About 60 percent

A Multiple Regression Is Shown Below for a Data Set