The coefficient of determination for estimating packaging costs for a local shipper was determined to be...
The coefficient of determination for estimating packaging costs
for a local shipper was determined to be 0.84.
Which of the following statement is not correct?
| Coefficient of determination values close to zero suggest that the equation is very useful. |
| The coefficient of determination is a measure of the percent of variation in the dependent variable explained by variations in the independent variable. |
| Coefficient of determination is often referred to as R-squared by statisticians. |
| The coefficient of determination can have values between zero and one. |
Homework Answers
Solution:
The incorrect statement is "Coefficient of determination values close to zero suggest that the equation is very useful."
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The coefficient of determination for estimating packaging costs
for a local shipper was determined to be...
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