A decision maker is considering constructing a multiple regression model with two independent variables.The correlation between x₁ and y is 0.70,and the correlation between variable x₂ and y is 0.50.Based on this,the regression model containing both independent variables will explain 74 percent of the variation in the dependent variable.

Question

Quizplus · Accepted Answer

The correlation between the two independent variables is not given, therefore it cannot be determined if they are related or not. Also, the statement about the regression model explaining 74 percent of the variation in the dependent variable cannot be inferred from the given information.

A Decision Maker Is Considering Constructing a Multiple Regression Model