i. What is the range of values that the coefficient of determination can assume?
ii. What is a measure of the scatter of observed values around the regression line called?
iii. If the correlation between sales and advertising is +0.6, what percent of the variation in sales can
Be attributed to advertising?
A) 0% to 1%; standard variation; 36%.
B) both positive and negative values; standard deviation; 6%.
C) 0% to 100%; standard error of the estimate; 36%.
D) 0% to 100%; standard variation; 36%.
E) both positive and negative values; standard error of the estimate; 36%.
Correct Answer:
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