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 model: Salary = β₀ +β₁ Advertising + ε.The following ANOVA table below shows a portion of the regression results. The coefficient of determination indicates that __________. A) 22.06% of the variation in Salary is explained by the variation in Service B) 22.06% 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

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The Answer of 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 model: Salary = β₀ +β₁ Advertising + ε.The following ANOVA table below shows a portion of the regression results. The coefficient of determination indicates that __________. A) 22.06% of the variation in Salary is explained by the variation in Service B) 22.06% 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

A Manager at a Local Bank Analyzed the Relationship Between