A statistician found data in an advertisement that listed the price of a diamond and the number of carats in the diamond. He entered the data (for 48 diamonds) into a computer package and fit a regression model for predicting price based on carats. He obtained the following computer output:
-What percentage of the variability in prices is explained by the regression line with carats?

Question

A statistician found data in an advertisement that listed the price of a diamond and the number of carats in the diamond. He entered the data (for 48 diamonds) into a computer package and fit a regression model for predicting price based on carats. He obtained the following computer output: 
-What percentage of the variability in prices is explained by the regression line with carats?

Quizplus · Accepted Answer

The Answer of A statistician found data in an advertisement that listed the price of a diamond and the number of carats in the diamond. He entered the data (for 48 diamonds) into a computer package and fit a regression model for predicting price based on carats. He obtained the following computer output: 
-What percentage of the variability in prices is explained by the regression line with carats?

A Statistician Found Data in an Advertisement That Listed the Price