Which of the following best describes the value of the slope, if the coefficient of determination is 0.95?
A)Slope must be close to 1.
B)Slope must be close to -1.
C)Slope must be 0.95.
D)None of the above.

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. A value of 0.95 indicates a high level of predictability but does not directly inform about the slope's value. The slope could be positive or negative and does not necessarily have a magnitude close to 1 or -1, nor is it equal to the coefficient of determination itself.

Which of the Following Best Describes the Value of the Slope