If the coefficient of correlation is .4, the percentage of variation in the dependent variable explained by the estimated regression equation _____.
A) is 40%
B) is 16%
C) is 4%
D) can be any positive value

Question

Quizplus · Accepted Answer

The percentage of variation in the dependent variable explained by the estimated regression equation is found by squaring the coefficient of correlation (r^2). In this case, 0.4^2 = 0.16, which means 16%.

If the Coefficient of Correlation Is