The coefficient of determination is
A)a measure of the variability of actual costs around the cost-estimating equation.
B)used to construct probability intervals for cost estimates.
C)a standardized measure of the degree to which two variables move together.
D)a measure of the percent variation in the dependent variable that is explained by an independent variable.

Question

Quizplus · Accepted Answer

The coefficient of determination, also known as R-squared, is a statistical measure that represents the proportion of the variance in the dependent variable that is predictable from the independent variable(s). It is a measure of the percent of variation in the dependent variable that is explained by an independent variable, and ranges from 0 to 1, with 1 indicating a perfect fit. Therefore, option D is the best choice.

The Coefficient of Determination Is