THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The model y = β 0 + β 1 X 1 + β 2 X 2 + ε was fitted to a sample of 25 families in order to explain household milk consumption: where y = Milk consumption,in quarts,per week,x 1 = Weekly income,in hundreds of dollars,and x 2 = Family size.The least squares estimates of the regression parameters were b 0 = -0.03,b 1 = 0.05,and b 2 = 1.1,with coefficient standard errors
= 0.02;
= 0.38.The total sum of squares and the error sum of squares were found to be 165.8 and 66.32 respectively.
-Find and interpret the coefficient of multiple correlation.

Question

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The model y = β 0 + β 1 X 1 + β 2 X 2 + ε was fitted to a sample of 25 families in order to explain household milk consumption: where y = Milk consumption,in quarts,per week,x 1 = Weekly income,in hundreds of dollars,and x 2  = Family size.The least squares estimates of the regression parameters were b 0 = -0.03,b 1 = 0.05,and b 2 = 1.1,with coefficient standard errors  
= 0.02;  
= 0.38.The total sum of squares and the error sum of squares were found to be 165.8 and 66.32 respectively.
-Find and interpret the coefficient of multiple correlation.

Quizplus · Accepted Answer

The Answer of THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The model y = β 0 + β 1 X 1 + β 2 X 2 + ε was fitted to a sample of 25 families in order to explain household milk consumption: where y = Milk consumption,in quarts,per week,x 1 = Weekly income,in hundreds of dollars,and x 2  = Family size.The least squares estimates of the regression parameters were b 0 = -0.03,b 1 = 0.05,and b 2 = 1.1,with coefficient standard errors  
= 0.02;  
= 0.38.The total sum of squares and the error sum of squares were found to be 165.8 and 66.32 respectively.
-Find and interpret the coefficient of multiple correlation.