Exhibit 14-6.A manager at a local bank analyzed the relationship between monthly salary (y,in $)and length of service (x,measured in months)for 30 employees.She estimates .The following table summarizes a portion of the regression results: Refer to Exhibit 14-6.The coefficient of determination indicates that
A)18.39% of the variation in Salary is explained by the variation in Service.
B)18.39% of the variation in Service is explained by the variation in Salary.
C)81.61% of the variation in Salary is explained by the variation in Service.
D)81.61% of the variation in Service is explained by the variation in Salary.

Question

Exhibit 14-6.A manager at a local bank analyzed the relationship between monthly salary (y,in $)and length of service (x,measured in months)for 30 employees.She estimates  .The following table summarizes a portion of the regression results:  Refer to Exhibit 14-6.The coefficient of determination indicates that
A)18.39% of the variation in Salary is explained by the variation in Service. 
B)18.39% of the variation in Service is explained by the variation in Salary. 
C)81.61% of the variation in Salary is explained by the variation in Service. 
D)81.61% of the variation in Service is explained by the variation in Salary.

Quizplus · Accepted Answer

The Answer of Exhibit 14-6.A manager at a local bank analyzed the relationship between monthly salary (y,in $)and length of service (x,measured in months)for 30 employees.She estimates  .The following table summarizes a portion of the regression results:  Refer to Exhibit 14-6.The coefficient of determination indicates that
A)18.39% of the variation in Salary is explained by the variation in Service. 
B)18.39% of the variation in Service is explained by the variation in Salary. 
C)81.61% of the variation in Salary is explained by the variation in Service. 
D)81.61% of the variation in Service is explained by the variation in Salary.