The Alice Corporation used regression analysis to predict the annual cost of indirect materials.The results were as follows: Indirect Materials Cost
Explained by Units Produced
$\begin{array}{lr}
\text { Constant } & \$ 21,885 \
\text { Standard error of Y estimate } & \$ 4,560 \
\text { R - squared } & 0.6732 \
\text { No. of observations } & 22 \
\text { Degrees of freedom } & 20 \
& \
\text { X coefficients) } & 8.75 \
\text { Standard error of coefficients) } & 9.1876
\end{array}$ The coefficient of determination is_____.
A)9.1876
B)22
C)8.75
D)0.6732

Question

The Alice Corporation used regression analysis to predict the annual cost of indirect materials.The results were as follows: Indirect Materials Cost 
Explained by Units Produced
$\begin{array}{lr}
\text { Constant } & \$ 21,885 \
\text { Standard error of Y estimate } & \$ 4,560 \
\text { R - squared } & 0.6732 \
\text { No. of observations } & 22 \
\text { Degrees of freedom } & 20 \
& \
\text { X coefficients) } & 8.75 \
\text { Standard error of coefficients) } & 9.1876
\end{array}$ The coefficient of determination is_____.
A)9.1876
B)22
C)8.75
D)0.6732

Quizplus · Accepted Answer

The coefficient of determination is represented by R-squared (R^2), which in this case is 0.6732.

The Alice Corporation Used Regression Analysis to Predict the Annual