Question

Price (in $) Capacity (in TB) Disk drives have been getting larger. Their capacity is now often given in terabytes (TB) where 1 TB 1000 gigabytes, or about a trillion bytes. A survey of prices for external disk drives found the data shown to the right. Find and interpret value of R2 0.050 15.55 0.060 16.95 44.00 0.310 0.370 64.79 2.0 188.45 3.0 344.79 4.0 411.45 What is the value of R2? 98.90% (Round to two decimal places as needed.) What is the interpretation of R2? price can % indicates the percentage of the variability in the |capacity or or The value of R2 = of these disk drives that be explained by the can not variability in thecapacity or price of the drives. (Round to two decimal places as needed.)

Answer 1

Answer Date: 08/10/2019 Interpretation of coefficient of determination R= 0.9890. 98.90% indicate the percentage of variability in the price (v) of the three disk drives can be explained by the model containing capacity of the drives.